Nations Financial Group Inc Ia Adv buys $2,911,519 stake in DNP Select Income Fund (DNP)

DNP Select Income Fund (DNP) : Nations Financial Group Inc Ia Adv scooped up 8,991 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 Aug 12, 2016. The investment management firm now holds a total of 273,639 shares of DNP Select Income Fund which is valued at $2,911,519.DNP Select Income Fund makes up approximately 2.96% of Nations Financial Group Inc Ia Adv’s portfolio.

Other Hedge Funds, Including , Citadel Advisors boosted its stake in DNP in the latest quarter, The investment management firm added 7,806 additional shares and now holds a total of 29,883 shares of DNP Select Income Fund which is valued at $317,955.Aviance Capital Partners reduced its stake in DNP by selling 15,965 shares or 6.04% in the most recent quarter. The Hedge Fund company now holds 248,318 shares of DNP which is valued at $2,642,104. DNP Select Income Fund makes up approx 0.93% of Aviance Capital Partners’s portfolio.Schnieders Capital Management reduced its stake in DNP by selling 1,000 shares or 7.32% in the most recent quarter. The Hedge Fund company now holds 12,660 shares of DNP which is valued at $135,462. DNP Select Income Fund makes up approx 0.07% of Schnieders Capital Management’s portfolio.Hudock Capital Group boosted its stake in DNP in the latest quarter, The investment management firm added 408 additional shares and now holds a total of 32,247 shares of DNP Select Income Fund which is valued at $340,206. DNP Select Income Fund makes up approx 0.18% of Hudock Capital Group’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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