Raymond James Financial Inc. Takes $5.64 Million Position in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG)

Raymond James Financial Inc. bought a new position in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 482,317 shares of the investment management company’s stock, valued at approximately $5,638,000.

Several other hedge funds also recently bought and sold shares of the company. Dakota Wealth Management purchased a new stake in Duff & Phelps Utility and Infrastructure Fund during the 4th quarter valued at approximately $133,000. Nwam LLC purchased a new position in shares of Duff & Phelps Utility and Infrastructure Fund in the fourth quarter worth $136,000. Walleye Capital LLC bought a new position in shares of Duff & Phelps Utility and Infrastructure Fund during the third quarter worth $171,000. Truist Financial Corp grew its stake in Duff & Phelps Utility and Infrastructure Fund by 13.7% during the fourth 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. bought a new stake in Duff & Phelps Utility and Infrastructure Fund in the 4th quarter valued at $307,000.

Duff & Phelps Utility and Infrastructure Fund Trading Up 0.0 %

Shares of DPG stock opened at $12.13 on Tuesday. The company’s fifty day simple moving average is $11.85 and its two-hundred day simple moving average is $11.75. Duff & Phelps Utility and Infrastructure Fund Inc. has a 52 week low of $8.73 and a 52 week high of $12.50.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, July 10th. Investors of record on Monday, June 30th will be given a $0.07 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 6.93%.

About Duff & Phelps Utility and Infrastructure Fund

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.