HL Financial Services LLC raised its stake in Duff & Phelps Utilities Income, Inc. (NYSE:DNP) by 16.9% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 68,250 shares of the investment management company’s stock after buying an additional 9,871 shares during the period. HL Financial Services LLC’s holdings in Duff & Phelps Utilities Income were worth $751,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of DNP. Carroll Financial Associates Inc. boosted its position in Duff & Phelps Utilities Income by 182.2% in the second quarter. Carroll Financial Associates Inc. now owns 15,489 shares of the investment management company’s stock valued at $170,000 after buying an additional 10,000 shares in the last quarter. Aviance Capital Partners LLC boosted its position in Duff & Phelps Utilities Income by 4.0% in the second quarter. Aviance Capital Partners LLC now owns 252,835 shares of the investment management company’s stock valued at $2,784,000 after buying an additional 9,635 shares in the last quarter. IFP Advisors Inc boosted its position in Duff & Phelps Utilities Income by 4.2% in the second quarter. IFP Advisors Inc now owns 117,129 shares of the investment management company’s stock valued at $1,290,000 after buying an additional 4,735 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in Duff & Phelps Utilities Income by 5.7% in the second quarter. Janney Montgomery Scott LLC now owns 82,042 shares of the investment management company’s stock valued at $903,000 after buying an additional 4,400 shares in the last quarter. Finally, Investment Partners Ltd. OH ADV boosted its position in Duff & Phelps Utilities Income by 24.4% in the second quarter. Investment Partners Ltd. OH ADV now owns 17,770 shares of the investment management company’s stock valued at $196,000 after buying an additional 3,482 shares in the last quarter. 4.24% of the stock is owned by institutional investors and hedge funds.

Duff & Phelps Utilities Income, Inc. (NYSE:DNP) opened at 11.17 on Friday. The company’s 50 day moving average price is $11.20 and its 200 day moving average price is $10.94. Duff & Phelps Utilities Income, Inc. has a 52-week low of $9.81 and a 52-week high of $11.41.

The firm also recently declared a monthly dividend, which was paid on Thursday, August 10th. Investors of record on Monday, July 31st were issued a dividend of $0.065 per share. This represents a $0.78 dividend on an annualized basis and a yield of 6.98%. The ex-dividend date was Thursday, July 27th.

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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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