Duff & Phelps Utility and Infrastructure Fund (NYSE:DPG) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

Shares of Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) crossed 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 trading hands.

Duff & Phelps Utility and Infrastructure Fund Stock Performance

The stock’s 50 day simple moving average is $11.72 and its 200 day simple moving average is $11.54.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

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

Hedge Funds Weigh In On Duff & Phelps Utility and Infrastructure Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in DPG. First Trust Advisors LP bought a new position in shares of Duff & Phelps Utility and Infrastructure Fund in the fourth quarter worth approximately $426,000. Guggenheim Capital LLC raised its holdings in Duff & Phelps Utility and Infrastructure Fund by 63.7% in the fourth quarter. Guggenheim Capital LLC now owns 50,700 shares of the investment management company’s stock worth $593,000 after purchasing an additional 19,725 shares in the last quarter. Walleye Capital LLC increased its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 30.5% during the fourth quarter. Walleye Capital LLC now owns 19,025 shares of the investment management company’s stock valued at $222,000 after acquiring an additional 4,449 shares in the last quarter. Concorde Asset Management LLC increased its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 13.2% during the fourth quarter. Concorde Asset Management LLC now owns 43,600 shares of the investment management company’s stock valued at $510,000 after acquiring an additional 5,100 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Duff & Phelps Utility and Infrastructure Fund during the fourth quarter valued at $5,638,000.

Duff & Phelps Utility and Infrastructure Fund Company 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.