Guggenheim Capital LLC lifted its stake in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG – Get Rating) by 32.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 135,657 shares of the investment management company's stock after purchasing an additional 33,527 shares during the quarter. Guggenheim Capital LLC's holdings in Duff & Phelps Utility and Infrastructure Fund were worth $1,736,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Kestra Advisory Services LLC increased its stake in Duff & Phelps Utility and Infrastructure Fund by 14.6% during the third quarter. Kestra Advisory Services LLC now owns 25,356 shares of the investment management company's stock worth $325,000 after acquiring an additional 3,233 shares during the last quarter. Raymond James & Associates increased its stake in Duff & Phelps Utility and Infrastructure Fund by 44.4% during the third quarter. Raymond James & Associates now owns 98,908 shares of the investment management company's stock worth $1,266,000 after acquiring an additional 30,393 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Duff & Phelps Utility and Infrastructure Fund by 6.2% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 180,853 shares of the investment management company's stock worth $2,315,000 after acquiring an additional 10,584 shares during the last quarter. Jeppson Wealth Management LLC acquired a new stake in Duff & Phelps Utility and Infrastructure Fund during the third quarter worth $187,000. Finally, Wedbush Securities Inc. increased its stake in Duff & Phelps Utility and Infrastructure Fund by 5.8% during the third quarter. Wedbush Securities Inc. now owns 25,027 shares of the investment management company's stock worth $320,000 after acquiring an additional 1,375 shares during the last quarter.
Get Duff & Phelps Utility and Infrastructure Fund alerts:Duff & Phelps Utility and Infrastructure Fund Price Performance
DPG stock opened at $13.92 on Friday. The business has a fifty day moving average of $13.78 and a two-hundred day moving average of $13.71. Duff & Phelps Utility and Infrastructure Fund Inc. has a 52-week low of $12.03 and a 52-week high of $15.68.
Duff & Phelps Utility and Infrastructure Fund Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, March 14th. This represents a $1.40 annualized dividend and a yield of 10.06%.
Duff & Phelps Utility and Infrastructure Fund Company Profile
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Duff & Phelps Utility & Infrastructure Fund, Inc is a non-diversified, closed-end investment company. It's investment objective is to seek total return resulting primarily from a high level of current income, with an emphasis on providing tax-advantaged dividend income, and growth in current income, and secondarily from capital appreciation.
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