Private Advisor Group LLC lifted its position in shares of Duff & Phelps Utilities Income, Inc. (NYSE:DNP) by 18.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 196,960 shares of the investment management company’s stock after purchasing an additional 29,983 shares during the quarter. Private Advisor Group LLC’s holdings in Duff & Phelps Utilities Income were worth $2,182,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Providence First Trust Co acquired a new stake in Duff & Phelps Utilities Income in the 2nd quarter valued at $928,000. Tuttle Tactical Management LLC acquired a new stake in Duff & Phelps Utilities Income in the 2nd quarter valued at $200,000. BB&T Securities LLC acquired a new stake in Duff & Phelps Utilities Income in the 2nd quarter valued at $168,000. WESPAC Advisors LLC acquired a new stake in Duff & Phelps Utilities Income in the 2nd quarter valued at $157,000. Finally, Gratus Capital LLC acquired a new stake in Duff & Phelps Utilities Income in the 2nd quarter valued at $139,000. 3.58% of the stock is currently owned by institutional investors.

Shares of Duff & Phelps Utilities Income, Inc. (DNP) opened at 11.39 on Friday. Duff & Phelps Utilities Income, Inc. has a 52 week low of $9.81 and a 52 week high of $11.44. The company has a 50-day moving average price of $11.31 and a 200 day moving average price of $11.03.

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 11th. Shareholders of record on Thursday, August 31st will be paid a dividend of $0.065 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.78 dividend on an annualized basis and a yield of 6.85%.

TRADEMARK VIOLATION NOTICE: “Private Advisor Group LLC Purchases 29,983 Shares of Duff & Phelps Utilities Income, Inc. (DNP)” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece on another domain, it was copied illegally and republished in violation of US and international trademark and copyright legislation. The legal version of this piece can be read at https://www.thecerbatgem.com/2017/09/09/private-advisor-group-llc-purchases-29983-shares-of-duff-phelps-utilities-income-inc-dnp.html.

Duff & Phelps Utilities Income Profile

DNP Select Income Fund Inc is a closed-end diversified management investment company. The Fund’s primary investment objectives are current income and long-term growth of income. Capital appreciation is a secondary objective. It seeks to achieve its investment objectives by investing primarily in the public utility industry.

Institutional Ownership by Quarter for Duff & Phelps Utilities Income (NYSE:DNP)

Receive News & Stock Ratings for Duff & Phelps Utilities Income Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duff & Phelps Utilities Income Inc. and related stocks with our FREE daily email newsletter.