Stifel Financial Corp decreased its position in shares of Duff & Phelps Utilities Income, Inc. (NYSE:DNP) by 0.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,114 shares of the investment management company’s stock after selling 92 shares during the quarter. Stifel Financial Corp’s holdings in Duff & Phelps Utilities Income were worth $199,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DNP. Wetherby Asset Management Inc. increased its holdings in shares of Duff & Phelps Utilities Income by 1.8% during the second quarter. Wetherby Asset Management Inc. now owns 11,408 shares of the investment management company’s stock valued at $126,000 after acquiring an additional 199 shares in the last quarter. Gratus Capital LLC bought a new stake in shares of Duff & Phelps Utilities Income during the second quarter valued at approximately $139,000. Oppenheimer & Co. Inc. increased its holdings in shares of Duff & Phelps Utilities Income by 6.2% during the second quarter. Oppenheimer & Co. Inc. now owns 13,742 shares of the investment management company’s stock valued at $151,000 after acquiring an additional 800 shares in the last quarter. WESPAC Advisors LLC bought a new stake in shares of Duff & Phelps Utilities Income during the second quarter valued at approximately $157,000. Finally, Thompson Davis & CO. Inc. increased its holdings in shares of Duff & Phelps Utilities Income by 12.7% during the second quarter. Thompson Davis & CO. Inc. now owns 15,057 shares of the investment management company’s stock valued at $166,000 after acquiring an additional 1,697 shares in the last quarter. Hedge funds and other institutional investors own 3.56% of the company’s stock.

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In related news, Director Philip R. Mcloughlin sold 7,500 shares of Duff & Phelps Utilities Income stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $11.33, for a total transaction of $84,975.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.07% of the stock is owned by insiders.

Duff & Phelps Utilities Income, Inc. (NYSE:DNP) opened at $11.26 on Wednesday. Duff & Phelps Utilities Income, Inc. has a 1 year low of $9.81 and a 1 year high of $11.57.

The business also recently announced a monthly dividend, which will be paid on Friday, November 10th. Investors of record on Tuesday, October 31st will be given a dividend of $0.065 per share. The ex-dividend date of this dividend is Monday, October 30th. This represents a $0.78 annualized dividend and a dividend yield of 6.93%.

About Duff & Phelps Utilities Income

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.

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

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