Ameriprise Financial Inc. grew its holdings in Duff & Phelps Utilities Income, Inc. (NYSE:DNP) by 111.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 174,150 shares of the investment management company’s stock after buying an additional 91,764 shares during the period. Ameriprise Financial Inc.’s holdings in Duff & Phelps Utilities Income were worth $1,917,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Wetherby Asset Management Inc. grew its stake in shares of Duff & Phelps Utilities Income by 1.8% in the 2nd quarter. Wetherby Asset Management Inc. now owns 11,408 shares of the investment management company’s stock worth $126,000 after buying an additional 199 shares in the last quarter. Gratus Capital LLC purchased a new position in shares of Duff & Phelps Utilities Income in the 2nd quarter worth $139,000. Oppenheimer & Co. Inc. grew its stake in shares of Duff & Phelps Utilities Income by 6.2% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 13,742 shares of the investment management company’s stock worth $151,000 after buying an additional 800 shares in the last quarter. WESPAC Advisors LLC purchased a new position in shares of Duff & Phelps Utilities Income in the 2nd quarter worth $157,000. Finally, Thompson Davis & CO. Inc. grew its stake in shares of Duff & Phelps Utilities Income by 12.7% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 15,057 shares of the investment management company’s stock worth $166,000 after buying an additional 1,697 shares in the last quarter. 3.58% of the stock is owned by institutional investors and hedge funds.

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The firm also recently announced a monthly dividend, which will be paid on Friday, November 10th. Stockholders of record on Tuesday, October 31st will be issued a dividend of $0.065 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 6.97%. The ex-dividend date is Monday, October 30th.

In other news, Director Philip R. Mcloughlin sold 7,500 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $11.33, for a total transaction of $84,975.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.07% of the stock is owned by corporate insiders.

Duff & Phelps Utilities Income Company 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)

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