Parisi Gray Wealth Management Takes Position in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG)


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Parisi Gray Wealth Management purchased a new position in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 33,150 shares of the investment management company’s stock, valued at approximately $404,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Landscape Capital Management L.L.C. lifted its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 194.8% in the 4th quarter. Landscape Capital Management L.L.C. now owns 148,665 shares of the investment management company’s stock worth $1,814,000 after buying an additional 98,243 shares during the period. Golden State Equity Partners acquired a new position in shares of Duff & Phelps Utility and Infrastructure Fund in the fourth quarter valued at about $1,054,000. NEXT Financial Group Inc acquired a new position in shares of Duff & Phelps Utility and Infrastructure Fund in the fourth quarter valued at about $89,000. National Asset Management Inc. purchased a new stake in shares of Duff & Phelps Utility and Infrastructure Fund in the fourth quarter worth about $136,000. Finally, Quantedge Capital Pte Ltd purchased a new stake in shares of Duff & Phelps Utility and Infrastructure Fund in the fourth quarter worth about $807,000.

DPG stock traded up $0.02 during mid-day trading on Tuesday, reaching $12.97. 182,505 shares of the company’s stock were exchanged, compared to its average volume of 190,500. The stock’s 50 day moving average is $12.95 and its 200 day moving average is $11.68. Duff & Phelps Utility and Infrastructure Fund Inc. has a 12-month low of $5.46 and a 12-month high of $15.75.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 31st. Stockholders of record on Monday, March 15th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 10.79%. The ex-dividend date is Friday, March 12th.

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.

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Institutional Ownership by Quarter for Duff & Phelps Utility and Infrastructure Fund (NYSE:DPG)

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