Consolidated Portfolio Review Corp Sells 5,113 Shares of Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG)

Consolidated Portfolio Review Corp cut its holdings in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) by 2.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 244,526 shares of the investment management company’s stock after selling 5,113 shares during the quarter. Consolidated Portfolio Review Corp’s holdings in Duff & Phelps Utility and Infrastructure Fund were worth $2,991,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. NBC Securities Inc. boosted its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 108,900.0% in the first quarter. NBC Securities Inc. now owns 5,450 shares of the investment management company’s stock valued at $66,000 after buying an additional 5,445 shares during the period. Truist Financial Corp lifted its position in 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 acquiring an additional 2,088 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Duff & Phelps Utility and Infrastructure Fund in the 4th quarter worth $5,638,000. PNC Financial Services Group Inc. increased its holdings in Duff & Phelps Utility and Infrastructure Fund by 24.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 33,100 shares of the investment management company’s stock worth $387,000 after purchasing an additional 6,403 shares in the last quarter. Finally, LPL Financial LLC increased its holdings in Duff & Phelps Utility and Infrastructure Fund by 2.6% during the 4th quarter. LPL Financial LLC now owns 317,753 shares of the investment management company’s stock worth $3,715,000 after purchasing an additional 8,176 shares in the last quarter.

Duff & Phelps Utility and Infrastructure Fund Price Performance

DPG opened at $12.14 on Tuesday. The business’s 50-day moving average price is $12.20 and its two-hundred day moving average price is $11.91. Duff & Phelps Utility and Infrastructure Fund Inc. has a 1 year low of $9.50 and a 1 year high of $12.55.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, October 10th. Investors of record on Tuesday, September 30th will be given a $0.07 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 6.92%. The ex-dividend date of this dividend is Tuesday, September 30th.

Insider Activity at Duff & Phelps Utility and Infrastructure Fund

In other Duff & Phelps Utility and Infrastructure Fund news, major shareholder Metlife Investment Management, purchased 1,000,000 shares of the firm’s stock in a transaction dated Thursday, May 29th. The stock was bought at an average cost of $25.00 per share, with a total value of $25,000,000.00. Following the purchase, the insider now directly owns 748,000 shares of the company’s stock, valued at $18,700,000. The trade was a -396.83% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

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.