Koshinski Asset Management Inc. decreased its position in shares of Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG – Get Rating) by 21.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,849 shares of the investment management company's stock after selling 8,000 shares during the period. Koshinski Asset Management Inc.'s holdings in Duff & Phelps Utility and Infrastructure Fund were worth $403,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of DPG. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 9.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 11,014 shares of the investment management company's stock valued at $167,000 after purchasing an additional 980 shares during the period. Raymond James Trust N.A. boosted its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 16.4% during the first quarter. Raymond James Trust N.A. now owns 23,802 shares of the investment management company's stock valued at $361,000 after purchasing an additional 3,352 shares during the period. Moors & Cabot Inc. boosted its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 8.6% during the first quarter. Moors & Cabot Inc. now owns 23,188 shares of the investment management company's stock valued at $352,000 after purchasing an additional 1,838 shares during the period. UBS Group AG boosted its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 5.4% during the first quarter. UBS Group AG now owns 156,123 shares of the investment management company's stock valued at $2,370,000 after purchasing an additional 7,973 shares during the period. Finally, Royal Bank of Canada boosted its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 8.8% during the first quarter. Royal Bank of Canada now owns 284,332 shares of the investment management company's stock valued at $4,316,000 after purchasing an additional 23,115 shares during the period.

Duff & Phelps Utility and Infrastructure Fund Price Performance

Shares of DPG opened at $13.47 on Thursday. Duff & Phelps Utility and Infrastructure Fund Inc. has a 12-month low of $11.97 and a 12-month high of $15.68. The firm has a fifty day moving average price of $13.49 and a 200-day moving average price of $13.41.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 10.39%. The ex-dividend date is Wednesday, June 14th.

Duff & Phelps Utility and Infrastructure Fund 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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