Duff & Phelps Utility and Infrastructure Fund (NYSE:DPG) Shares Cross Above Fifty Day Moving Average – Time to Sell?

Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $14.46 and traded as high as $14.84. Duff & Phelps Utility and Infrastructure Fund shares last traded at $14.6930, with a volume of 31,353 shares traded.

Duff & Phelps Utility and Infrastructure Fund Stock Performance

The company has a 50 day moving average price of $14.46 and a 200 day moving average price of $14.06.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 13th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $0.075 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a c) annualized dividend and a yield of 6.1%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. CENTRAL TRUST Co bought a new position in Duff & Phelps Utility and Infrastructure Fund during the 1st quarter worth $29,000. Fifth Third Bancorp bought a new position in shares of Duff & Phelps Utility and Infrastructure Fund in the 1st quarter valued at $31,000. Hilton Head Capital Partners LLC acquired a new position in Duff & Phelps Utility and Infrastructure Fund during the 4th quarter worth approximately $46,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Duff & Phelps Utility and Infrastructure Fund during the second quarter worth $129,000. Finally, PFG Investments LLC bought a new position in Duff & Phelps Utility and Infrastructure Fund in the first quarter valued at about $148,000.

About Duff & Phelps Utility and Infrastructure Fund

The Duff & Phelps Utility and Infrastructure Fund Inc (NYSE: DPG) is a diversified, closed-end management investment company that seeks to provide investors with high current income and the potential for capital appreciation. The fund pursues its investment objectives primarily through equity and equity-related securities of companies engaged in the utility and infrastructure sectors, including regulated and non-regulated utilities, energy infrastructure, transportation, communications, water, and related businesses.

At least 80% of the fund’s total assets are invested in equity securities of utilities and infrastructure companies.