Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. grew its stake in shares of Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) by 24.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,100 shares of the investment management company’s stock after acquiring an additional 6,403 shares during the period. PNC Financial Services Group Inc.’s holdings in Duff & Phelps Utility and Infrastructure Fund were worth $387,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Dakota Wealth Management bought a new position in shares of Duff & Phelps Utility and Infrastructure Fund during the fourth quarter worth about $133,000. Nwam LLC acquired a new position in shares of Duff & Phelps Utility and Infrastructure Fund in the 4th quarter worth approximately $136,000. Walleye Capital LLC bought a new stake in shares of Duff & Phelps Utility and Infrastructure Fund in the 3rd quarter valued at approximately $171,000. Truist Financial Corp raised its position in shares of Duff & Phelps Utility and Infrastructure Fund by 13.7% during the 4th quarter. Truist Financial Corp now owns 17,370 shares of the investment management company’s stock valued at $203,000 after acquiring an additional 2,088 shares in the last quarter. Finally, Cascade Investment Group Inc. acquired a new position in Duff & Phelps Utility and Infrastructure Fund in the fourth quarter worth $307,000.

Duff & Phelps Utility and Infrastructure Fund Price Performance

Shares of NYSE:DPG opened at $12.16 on Friday. The company’s fifty day moving average is $11.82 and its two-hundred day moving average is $11.73. Duff & Phelps Utility and Infrastructure Fund Inc. has a 1-year low of $8.73 and a 1-year high of $12.50.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Monday, June 30th will be issued a $0.07 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.84 dividend on an annualized basis and a yield of 6.91%.

Duff & Phelps Utility and Infrastructure Fund Company 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.