Kanen Wealth Management LLC Invests $3.19 Million in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG)

Kanen Wealth Management LLC purchased a new stake in Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 273,122 shares of the investment management company’s stock, valued at approximately $3,193,000. Duff & Phelps Utility and Infrastructure Fund comprises about 1.2% of Kanen Wealth Management LLC’s investment portfolio, making the stock its 14th biggest position.

A number of other institutional investors have also recently added to or reduced their stakes in DPG. Walleye Capital LLC purchased a new stake in Duff & Phelps Utility and Infrastructure Fund in the 3rd quarter valued at $171,000. Chicago Partners Investment Group LLC grew its stake in shares of Duff & Phelps Utility and Infrastructure Fund by 38.8% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 17,514 shares of the investment management company’s stock valued at $205,000 after buying an additional 4,896 shares during the period. Cascade Investment Group Inc. acquired a new stake in shares of Duff & Phelps Utility and Infrastructure Fund during the 4th quarter worth approximately $307,000. B. Riley Wealth Advisors Inc. raised its position in shares of Duff & Phelps Utility and Infrastructure Fund by 28.9% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 32,715 shares of the investment management company’s stock valued at $322,000 after buying an additional 7,327 shares during the period. Finally, Virtu Financial LLC acquired a new position in Duff & Phelps Utility and Infrastructure Fund in the third quarter valued at approximately $327,000.

Duff & Phelps Utility and Infrastructure Fund Price Performance

DPG stock opened at $11.94 on Monday. Duff & Phelps Utility and Infrastructure Fund Inc. has a 52-week low of $8.70 and a 52-week high of $12.50. The business has a fifty day moving average of $11.84 and a two-hundred day moving average of $11.33.

Duff & Phelps Utility and Infrastructure Fund Announces Dividend

The business also recently announced a dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 31st will be issued a $0.07 dividend. The ex-dividend date is Friday, January 31st.

Duff & Phelps Utility and Infrastructure Fund Profile

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.