B. Riley Wealth Advisors Inc. Lowers Position in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG)

B. Riley Wealth Advisors Inc. lessened its stake in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) by 66.4% during the third quarter, Holdings Channel reports. The firm owned 10,996 shares of the investment management company’s stock after selling 21,719 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Duff & Phelps Utility and Infrastructure Fund were worth $130,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of DPG. Virtu Financial LLC bought a new position in Duff & Phelps Utility and Infrastructure Fund during the 3rd quarter valued at $327,000. Walleye Capital LLC bought a new position in shares of Duff & Phelps Utility and Infrastructure Fund during the third quarter valued at about $171,000. Concorde Asset Management LLC boosted its holdings in Duff & Phelps Utility and Infrastructure Fund by 27.1% during the third quarter. Concorde Asset Management LLC now owns 38,500 shares of the investment management company’s stock worth $452,000 after purchasing an additional 8,200 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in Duff & Phelps Utility and Infrastructure Fund by 33.0% during the third quarter. Advisors Asset Management Inc. now owns 160,426 shares of the investment management company’s stock worth $1,883,000 after purchasing an additional 39,762 shares during the last quarter. Finally, United Advisor Group LLC grew its position in Duff & Phelps Utility and Infrastructure Fund by 0.3% in the 3rd quarter. United Advisor Group LLC now owns 328,802 shares of the investment management company’s stock worth $3,860,000 after purchasing an additional 1,055 shares in the last quarter.

Duff & Phelps Utility and Infrastructure Fund Price Performance

Duff & Phelps Utility and Infrastructure Fund stock opened at $11.45 on Monday. Duff & Phelps Utility and Infrastructure Fund Inc. has a 52 week low of $8.70 and a 52 week high of $12.50. The company’s 50 day moving average price is $11.81 and its two-hundred day moving average price is $11.06.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 31st will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.84 dividend on an annualized basis and a yield of 7.34%.

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.