Duff & Phelps Utility and Infrastructure Fund (NYSE:DPG) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.54 and traded as high as $12.00. Duff & Phelps Utility and Infrastructure Fund shares last traded at $11.91, with a volume of 75,267 shares changing hands.

Duff & Phelps Utility and Infrastructure Fund Stock Down 0.0 %

The stock’s fifty day simple moving average is $11.72 and its 200-day simple moving average is $11.54.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Monday, February 10th. Shareholders of record on Monday, February 3rd were issued a $0.07 dividend. This represents a yield of 7.13%. The ex-dividend date was Friday, January 31st.

Institutional Trading of Duff & Phelps Utility and Infrastructure Fund

A number of institutional investors have recently bought and sold shares of the business. First Trust Advisors LP bought a new stake in Duff & Phelps Utility and Infrastructure Fund in the 4th quarter valued at about $426,000. Guggenheim Capital LLC lifted its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 63.7% during the 4th quarter. Guggenheim Capital LLC now owns 50,700 shares of the investment management company’s stock worth $593,000 after acquiring an additional 19,725 shares during the period. Walleye Capital LLC lifted its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 30.5% during the 4th quarter. Walleye Capital LLC now owns 19,025 shares of the investment management company’s stock worth $222,000 after acquiring an additional 4,449 shares during the period. Concorde Asset Management LLC lifted its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 13.2% during the 4th quarter. Concorde Asset Management LLC now owns 43,600 shares of the investment management company’s stock worth $510,000 after acquiring an additional 5,100 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Duff & Phelps Utility and Infrastructure Fund during the 4th quarter worth approximately $5,638,000.

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.