Allspring Global Investments Holdings LLC Raises Position in Duff & Phelps Utility and Infrastructure Fund Inc. $DPG

Allspring Global Investments Holdings LLC boosted its holdings in shares of Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) by 25.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 624,733 shares of the investment management company’s stock after buying an additional 125,977 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Duff & Phelps Utility and Infrastructure Fund were worth $9,021,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Kanen Wealth Management LLC grew its position in Duff & Phelps Utility and Infrastructure Fund by 114.2% during the first quarter. Kanen Wealth Management LLC now owns 585,101 shares of the investment management company’s stock worth $7,156,000 after buying an additional 311,979 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 7.0% in the 2nd quarter. Cetera Investment Advisers now owns 57,624 shares of the investment management company’s stock valued at $715,000 after acquiring an additional 3,781 shares in the last quarter. Invesco Ltd. bought a new stake in shares of Duff & Phelps Utility and Infrastructure Fund during the 2nd quarter valued at about $185,000. First Trust Advisors LP boosted its position in shares of Duff & Phelps Utility and Infrastructure Fund by 31.8% during the 2nd quarter. First Trust Advisors LP now owns 71,502 shares of the investment management company’s stock valued at $887,000 after acquiring an additional 17,242 shares during the last quarter. Finally, Walleye Capital LLC grew its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 5.2% during the second quarter. Walleye Capital LLC now owns 34,861 shares of the investment management company’s stock worth $433,000 after purchasing an additional 1,721 shares in the last quarter.

Duff & Phelps Utility and Infrastructure Fund Stock Up 0.7%

Shares of DPG opened at $15.04 on Thursday. Duff & Phelps Utility and Infrastructure Fund Inc. has a 1-year low of $12.34 and a 1-year high of $15.15. The firm’s 50 day simple moving average is $14.50 and its 200 day simple moving average is $14.28.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, October 13th. Stockholders of record on Wednesday, September 30th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%.

Duff & Phelps Utility and Infrastructure Fund Company Profile

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.