Cascade Investment Group Inc. Buys New Position in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG)

Cascade Investment Group Inc. purchased a new position in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 26,300 shares of the investment management company’s stock, valued at approximately $307,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Virtu Financial LLC bought a new position in shares of Duff & Phelps Utility and Infrastructure Fund in the third quarter valued at $327,000. Walleye Capital LLC acquired a new position in shares of Duff & Phelps Utility and Infrastructure Fund in the 3rd quarter worth $171,000. Concorde Asset Management LLC raised its position in shares of 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 period. Advisors Asset Management Inc. lifted its holdings in shares of 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 valued at $1,883,000 after purchasing an additional 39,762 shares during the last quarter. Finally, United Advisor Group LLC boosted its position in shares of 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 valued at $3,860,000 after purchasing an additional 1,055 shares during the period.

Duff & Phelps Utility and Infrastructure Fund Price Performance

Shares of DPG opened at $11.94 on Monday. The business’s 50-day moving average price is $11.84 and its 200 day moving average price is $11.33. Duff & Phelps Utility and Infrastructure Fund Inc. has a 1-year low of $8.70 and a 1-year high of $12.50.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The company also recently announced a dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 31st will be given a $0.07 dividend. The ex-dividend date of this dividend is Friday, January 31st.

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.