Elm3 Financial Group LLC Invests $630,000 in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG)

Elm3 Financial Group LLC purchased a new stake in shares of Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 53,865 shares of the investment management company’s stock, valued at approximately $630,000.

Several other large investors have also recently added to or reduced their stakes in DPG. Walleye Capital LLC bought a new position in Duff & Phelps Utility and Infrastructure Fund in the 3rd quarter worth approximately $171,000. J.W. Cole Advisors Inc. grew its position in Duff & Phelps Utility and Infrastructure Fund by 45.5% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 258,519 shares of the investment management company’s stock valued at $3,035,000 after buying an additional 80,892 shares in the last quarter. United Advisor Group LLC increased its stake in Duff & Phelps Utility and Infrastructure Fund by 0.3% during the 3rd quarter. United Advisor Group LLC now owns 328,802 shares of the investment management company’s stock valued at $3,860,000 after buying an additional 1,055 shares during the period. Advisors Asset Management Inc. raised its position in shares of Duff & Phelps Utility and Infrastructure Fund by 33.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 160,426 shares of the investment management company’s stock worth $1,883,000 after buying an additional 39,762 shares in the last quarter. Finally, Chicago Partners Investment Group LLC lifted its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 38.8% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 17,514 shares of the investment management company’s stock worth $205,000 after acquiring an additional 4,896 shares during the period.

Duff & Phelps Utility and Infrastructure Fund Trading Up 0.3 %

Duff & Phelps Utility and Infrastructure Fund stock opened at $11.81 on Thursday. Duff & Phelps Utility and Infrastructure Fund Inc. has a 12-month low of $8.70 and a 12-month high of $12.50. The firm has a 50 day simple moving average of $11.78 and a 200-day simple moving average of $11.48.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The company also recently declared a dividend, which will be paid on Monday, February 10th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.07 per share. This represents a dividend yield of 7.13%. The ex-dividend date of this dividend is Friday, January 31st.

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.