Nations Financial Group Inc Ia Adv buys $2.7 Million stake in DNP Select Income Fund (DNP)

DNP Select Income Fund (DNP) : Nations Financial Group Inc Ia Adv scooped up 10,187 additional shares in DNP Select Income Fund during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 264,648 shares of DNP Select Income Fund which is valued at $2.7 Million.DNP Select Income Fund makes up approximately 3.14% of Nations Financial Group Inc Ia Adv’s portfolio.

Other Hedge Funds, Including , Financial Architects Inc added DNP to its portfolio by purchasing 325 company shares during the most recent quarter which is valued at $3,348.Investors Capital Advisory Services boosted its stake in DNP in the latest quarter, The investment management firm added 124 additional shares and now holds a total of 78,255 shares of DNP Select Income Fund which is valued at $806,027. DNP Select Income Fund makes up approx 0.16% of Investors Capital Advisory Services’s portfolio.Investment Centers Of America Inc boosted its stake in DNP in the latest quarter, The investment management firm added 6,504 additional shares and now holds a total of 26,201 shares of DNP Select Income Fund which is valued at $263,320. DNP Select Income Fund makes up approx 0.03% of Investment Centers Of America Inc’s portfolio.Sii Investments Incwi boosted its stake in DNP in the latest quarter, The investment management firm added 111,014 additional shares and now holds a total of 135,524 shares of DNP Select Income Fund which is valued at $1.4 Million. DNP Select Income Fund makes up approx 0.13% of Sii Investments Incwi’s portfolio.

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. The Fund seeks to achieve its investment objectives by investing primarily in a portfolio of equity and fixed income securities of companies in the public utilities industry. Under normal market conditions over 70% of the Fund’s total assets are invested in a portfolio of equity and fixed income securities of public utility companies engaged in the production transmission or distribution of electric energy gas or telephone services. The Fund may invest in the securities of domestic and foreign issuers as well as in securities of companies of various market capitalizations including small and mid-cap common and preferred stocks. Duff & Phelps Investment Management Co. is the Fund’s investment advisor.

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