Wolverine Asset Management LLC Buys 37,589 Shares of Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG)

Wolverine Asset Management LLC boosted its holdings in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) by 14.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 297,507 shares of the investment management company’s stock after purchasing an additional 37,589 shares during the period. Wolverine Asset Management LLC’s holdings in Duff & Phelps Utility and Infrastructure Fund were worth $2,728,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Bell Private Wealth Management LLC purchased a new position in shares of Duff & Phelps Utility and Infrastructure Fund in the 4th quarter worth $25,000. CTC Alternative Strategies Ltd. purchased a new position in Duff & Phelps Utility and Infrastructure Fund during the fourth quarter valued at $141,000. NBC Securities Inc. purchased a new position in shares of Duff & Phelps Utility and Infrastructure Fund in the third quarter worth about $205,000. Quantedge Capital Pte Ltd acquired a new stake in shares of Duff & Phelps Utility and Infrastructure Fund during the third quarter valued at about $278,000. Finally, Wealth Advisors of Tampa Bay LLC acquired a new position in shares of Duff & Phelps Utility and Infrastructure Fund in the fourth quarter valued at approximately $293,000.

Insiders Place Their Bets

In other news, CEO David D. Jr. Grumhaus acquired 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The stock was purchased at an average price of $9.42 per share, with a total value of $28,260.00. Following the purchase, the chief executive officer now owns 8,000 shares of the company’s stock, valued at approximately $75,360. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Duff & Phelps Utility and Infrastructure Fund Stock Performance

Shares of NYSE:DPG traded down $0.02 on Wednesday, reaching $9.44. 158,887 shares of the company were exchanged, compared to its average volume of 144,591. The company has a 50-day moving average of $9.22 and a 200-day moving average of $9.08. Duff & Phelps Utility and Infrastructure Fund Inc. has a 1-year low of $7.90 and a 1-year high of $13.04.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 17th will be given a $0.21 dividend. The ex-dividend date of this dividend is Monday, June 17th. This represents a $0.84 dividend on an annualized basis and a yield of 8.90%.

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.