Dividend And Income Fund Inc (DNI) : Blue Bell Private Wealth Management scooped up 23,815 additional shares in Dividend And Income Fund Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 397,028 shares of Dividend And Income Fund Inc which is valued at $4,354,206.Dividend And Income Fund Inc makes up approximately 2.59% of Blue Bell Private Wealth Management’s portfolio.
Other Hedge Funds, Including , Msi Financial Services Inc reduced its stake in DNI by selling 3,246 shares or 29.36% in the most recent quarter. The Hedge Fund company now holds 7,809 shares of DNI which is valued at $85,532. Creative Planning sold out all of its stake in DNI during the most recent quarter. The investment firm sold 870 shares of DNI which is valued $9,570.Advisory Services Network boosted its stake in DNI in the latest quarter, The investment management firm added 5 additional shares and now holds a total of 225 shares of Dividend And Income Fund Inc which is valued at $2,495.
Dividend and Income Fund (the Fund) is a non-diversified closed end management investment company. The Fund’s primary investment objective is to seek high current income. Its secondary objective is Capital appreciation. The Fund’s portfolio included over 100 securities. It invests in aircraft engines and engine parts; commercial banks; farm machinery and equipment; hotels and motels and pharmaceutical preparations among others. The Fund seeks investment objective by investing normally at least 50% of its total assets in income generating equity securities. These securities may include dividend paying common stocks convertible securities securities of registered investment companies exchange traded funds or otherwise real estate investment trusts depositary receipts and other equity related securities. The Fund may invest in below investment grade fixed income securities and in shares of other investment companies. The Fund’s Investment Manager is Bexil Advisers LLC.