Monetary Management Group Inc. increased its position in Duff & Phelps Utilities Income, Inc. (NYSE:DNP) by 1.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,700 shares of the investment management company’s stock after acquiring an additional 1,200 shares during the quarter. Monetary Management Group Inc.’s holdings in Duff & Phelps Utilities Income were worth $767,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in DNP. Ameriprise Financial Inc. increased its holdings in Duff & Phelps Utilities Income by 111.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 174,150 shares of the investment management company’s stock worth $1,917,000 after acquiring an additional 91,764 shares in the last quarter. Providence First Trust Co purchased a new stake in Duff & Phelps Utilities Income in the 2nd quarter worth approximately $928,000. Royal Bank of Canada increased its holdings in Duff & Phelps Utilities Income by 6.7% in the 2nd quarter. Royal Bank of Canada now owns 817,499 shares of the investment management company’s stock worth $9,000,000 after acquiring an additional 51,009 shares in the last quarter. Private Advisor Group LLC increased its holdings in Duff & Phelps Utilities Income by 18.0% in the 2nd quarter. Private Advisor Group LLC now owns 196,960 shares of the investment management company’s stock worth $2,182,000 after acquiring an additional 29,983 shares in the last quarter. Finally, HighTower Advisors LLC increased its holdings in Duff & Phelps Utilities Income by 162.5% in the 2nd quarter. HighTower Advisors LLC now owns 38,821 shares of the investment management company’s stock worth $428,000 after acquiring an additional 24,034 shares in the last quarter. 3.58% of the stock is owned by institutional investors.

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Duff & Phelps Utilities Income, Inc. (NYSE:DNP) traded up 0.079% during midday trading on Thursday, reaching $11.389. 137,439 shares of the company traded hands. Duff & Phelps Utilities Income, Inc. has a 1-year low of $9.81 and a 1-year high of $11.54. The firm has a 50-day moving average of $11.36 and a 200-day moving average of $11.13.

In other Duff & Phelps Utilities Income news, Director Philip R. Mcloughlin sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $11.33, for a total value of $84,975.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.07% of the company’s stock.

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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