On November 26, 2024, Grumhaus David D Jr., President and Chief Executive Officer of Duff & Phelps Utility & Infrastructure Fund Inc., purchased 1,500 shares of the company. Following this transaction, the insider now owns a total of 9,877 shares. The purchase was documented in a SEC Filing.
Duff & Phelps Utility & Infrastructure Fund Inc. (DPG, Financial) is a closed-end fund that primarily invests in utility and infrastructure sectors. The fund aims to provide investors with a high level of total return resulting primarily from a high level of current income and growth of capital.
The insider's recent acquisition is part of a broader trend of insider buying within the company. Over the past year, Grumhaus David D Jr. has purchased a total of 4,500 shares, with no shares sold. The overall insider transaction history for Duff & Phelps Utility & Infrastructure Fund Inc. indicates 2 insider buys and 0 insider sells over the past year.
On the day of the insider's recent purchase, shares of Duff & Phelps Utility & Infrastructure Fund Inc. were trading at $12.32 each, resulting in a market cap of $476.511 million. Investors may consider this insider buying activity as a potential indicator of confidence in the company's future prospects.
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