Apollon Wealth Management LLC Trims Stock Holdings in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG)

Apollon Wealth Management LLC decreased its position in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) by 6.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,882 shares of the investment management company’s stock after selling 1,652 shares during the quarter. Apollon Wealth Management LLC’s holdings in Duff & Phelps Utility and Infrastructure Fund were worth $269,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Karpus Management Inc. boosted its stake in Duff & Phelps Utility and Infrastructure Fund by 15.8% during the 1st quarter. Karpus Management Inc. now owns 507,018 shares of the investment management company’s stock valued at $4,847,000 after purchasing an additional 69,283 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 73.5% in the first quarter. Advisors Asset Management Inc. now owns 94,601 shares of the investment management company’s stock valued at $904,000 after purchasing an additional 40,083 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 35.5% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 25,388 shares of the investment management company’s stock worth $243,000 after buying an additional 6,658 shares in the last quarter. Cetera Advisors LLC increased its stake in Duff & Phelps Utility and Infrastructure Fund by 15.7% during the first quarter. Cetera Advisors LLC now owns 11,616 shares of the investment management company’s stock worth $111,000 after acquiring an additional 1,573 shares during the last quarter. Finally, Raymond James Trust N.A. increased its position in shares of Duff & Phelps Utility and Infrastructure Fund by 5.2% during the 2nd quarter. Raymond James Trust N.A. now owns 26,621 shares of the investment management company’s stock valued at $262,000 after purchasing an additional 1,319 shares during the last quarter.

Duff & Phelps Utility and Infrastructure Fund Price Performance

Shares of DPG opened at $12.07 on Tuesday. Duff & Phelps Utility and Infrastructure Fund Inc. has a twelve month low of $8.70 and a twelve month high of $12.09. The company’s fifty day simple moving average is $11.58 and its 200-day simple moving average is $10.69.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, November 12th. Stockholders of record on Friday, November 1st were issued a $0.07 dividend. The ex-dividend date was Thursday, October 31st. This represents a dividend yield of 7.39%.

Duff & Phelps Utility and Infrastructure Fund Profile

Duff & Phelps Utility and Infrastructure Fund Inc is a closed-ended equity mutual fund launched by Virtus Investment Partners, Inc The fund is managed by Duff & Phelps Investment Management Co It invests in the public equity markets across the globe. The fund seeks to invest in the companies operating in utility sector.