Catalina Capital Group LLC Takes $135,000 Position in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG)

Catalina Capital Group LLC purchased a new position in shares of Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,018 shares of the investment management company’s stock, valued at approximately $135,000.

A number of other institutional investors have also recently bought and sold shares of DPG. Farther Finance Advisors LLC acquired a new position in shares of Duff & Phelps Utility and Infrastructure Fund in the first quarter valued at approximately $43,000. NBC Securities Inc. grew its position in Duff & Phelps Utility and Infrastructure Fund by 108,900.0% during the first quarter. NBC Securities Inc. now owns 5,450 shares of the investment management company’s stock worth $66,000 after buying an additional 5,445 shares in the last quarter. Nwam LLC acquired a new stake in Duff & Phelps Utility and Infrastructure Fund during the fourth quarter worth approximately $136,000. B. Riley Wealth Advisors Inc. lifted its stake in Duff & Phelps Utility and Infrastructure Fund by 9.9% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 12,081 shares of the investment management company’s stock worth $142,000 after purchasing an additional 1,085 shares during the last quarter. Finally, Truist Financial Corp boosted its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 13.7% in the 4th quarter. Truist Financial Corp now owns 17,370 shares of the investment management company’s stock valued at $203,000 after purchasing an additional 2,088 shares in the last quarter.

Insider Buying and Selling at Duff & Phelps Utility and Infrastructure Fund

In other Duff & Phelps Utility and Infrastructure Fund news, major shareholder Metlife Investment Management, bought 1,000,000 shares of Duff & Phelps Utility and Infrastructure Fund stock in a transaction on Thursday, May 29th. The shares were purchased at an average price of $25.00 per share, with a total value of $25,000,000.00. Following the acquisition, the insider now owns 748,000 shares in the company, valued at $18,700,000. This trade represents a -396.83% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Duff & Phelps Utility and Infrastructure Fund Stock Down 0.0%

Shares of DPG stock opened at $12.09 on Thursday. The stock’s fifty day moving average price is $12.16 and its two-hundred day moving average price is $11.91. Duff & Phelps Utility and Infrastructure Fund Inc. has a fifty-two week low of $9.48 and a fifty-two week high of $12.55.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, October 10th. Shareholders of record on Tuesday, September 30th will be issued a $0.07 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 6.95%. The ex-dividend date is Tuesday, September 30th.

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.