Rpo LLC Boosts Position in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG)

Rpo LLC boosted its position in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPGFree Report) by 103.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 228,189 shares of the investment management company’s stock after buying an additional 115,822 shares during the quarter. Duff & Phelps Utility and Infrastructure Fund makes up approximately 3.1% of Rpo LLC’s portfolio, making the stock its 10th biggest position. Rpo LLC’s holdings in Duff & Phelps Utility and Infrastructure Fund were worth $2,092,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Cornerstone Advisors LLC lifted its stake in Duff & Phelps Utility and Infrastructure Fund by 161.2% in the fourth quarter. Cornerstone Advisors LLC now owns 715,547 shares of the investment management company’s stock worth $6,562,000 after acquiring an additional 441,598 shares during the period. Allspring Global Investments Holdings LLC bought a new position in Duff & Phelps Utility and Infrastructure Fund in the fourth quarter worth $3,613,000. Saba Capital Management L.P. bought a new position in Duff & Phelps Utility and Infrastructure Fund in the third quarter worth $1,952,000. Landscape Capital Management L.L.C. raised its holdings in Duff & Phelps Utility and Infrastructure Fund by 98.6% in the third quarter. Landscape Capital Management L.L.C. now owns 280,068 shares of the investment management company’s stock worth $2,414,000 after purchasing an additional 139,029 shares in the last quarter. Finally, Karpus Management Inc. increased its holdings in shares of Duff & Phelps Utility and Infrastructure Fund by 208.0% during the third quarter. Karpus Management Inc. now owns 205,047 shares of the investment management company’s stock valued at $1,768,000 after acquiring an additional 138,474 shares in the last quarter.

Duff & Phelps Utility and Infrastructure Fund Trading Down 0.6 %

NYSE:DPG traded down $0.06 on Wednesday, hitting $9.69. The stock had a trading volume of 15,169 shares, compared to its average volume of 142,854. The business’s 50-day simple moving average is $9.51 and its two-hundred day simple moving average is $9.30. Duff & Phelps Utility and Infrastructure Fund Inc. has a 52-week low of $7.90 and a 52-week high of $13.04.

Duff & Phelps Utility and Infrastructure Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 17th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 8.67%. The ex-dividend date is Monday, June 17th.

Insiders Place Their Bets

In related news, CEO David D. Jr. Grumhaus bought 3,000 shares of the business’s stock in a transaction dated Tuesday, April 9th. The shares were purchased at an average price of $9.42 per share, with a total value of $28,260.00. Following the transaction, the chief executive officer now owns 8,000 shares in the company, valued at approximately $75,360. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Duff & Phelps Utility and Infrastructure Fund Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Duff & Phelps Utility and Infrastructure Fund (NYSE:DPG)

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