Financial Investment Management Group Ltd buys $12,798,385 stake in Duff & Phelps Global Utility Dividend Fd (DPG)

Duff & Phelps Global Utility Dividend Fd (DPG) : Financial Investment Management Group Ltd scooped up 216,805 additional shares in Duff & Phelps Global Utility Dividend Fd during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 12, 2016. The investment management firm now holds a total of 785,177 shares of Duff & Phelps Global Utility Dividend Fd which is valued at $12,798,385.Duff & Phelps Global Utility Dividend Fd makes up approximately 3.39% of Financial Investment Management Group Ltd’s portfolio.

Other Hedge Funds, Including , Proficio Capital Partners boosted its stake in DPG in the latest quarter, The investment management firm added 22,295 additional shares and now holds a total of 172,204 shares of Duff & Phelps Global Utility Dividend Fd which is valued at $2,727,711. Duff & Phelps Global Utility Dividend Fd makes up approx 2.29% of Proficio Capital Partners’s portfolio.Creative Planning boosted its stake in DPG in the latest quarter, The investment management firm added 2,000 additional shares and now holds a total of 3,500 shares of Duff & Phelps Global Utility Dividend Fd which is valued at $55,440. Stock Yards Bank Trust Co sold out all of its stake in DPG during the most recent quarter. The investment firm sold 10,221 shares of DPG which is valued $161,901.

The Duff & Phelps Global Utility Income Fund Inc. (the Fund) is a non-diversified closed-end management investment company. The Fund’s investment objective is to seek total return resulting primarily from a high level of current income with an emphasis on providing tax-advantaged dividend income and growth in current income and secondarily from capital appreciation. The Fund seeks to achieve its investment objectives by investing primarily in equities of domestic and foreign utilities. Normally the Fund will invest at least 80% of its total assets in dividend-paying equity securities of companies in the utility industry. The utility industry sectors include electric gas water telecommunications and midstream energy. Normally the Fund will invest no more than 60% of its total assets in any one of those five sectors. Duff & Phelps Investment Management Co. is the Fund’s investment adviser.

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