Webster Bank N. A. buys $234,830 stake in DNP Select Income Fund (DNP)

DNP Select Income Fund (DNP) : Webster Bank N. A. scooped up 6,730 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 Oct 14, 2016. The investment management firm now holds a total of 23,136 shares of DNP Select Income Fund which is valued at $234,830.DNP Select Income Fund makes up approximately 0.03% of Webster Bank N. A.’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc boosted its stake in DNP in the latest quarter, The investment management firm added 867 additional shares and now holds a total of 101,044 shares of DNP Select Income Fund which is valued at $1,026,607. DNP Select Income Fund makes up approx 0.04% of Msi Financial Services Inc’s portfolio.Advisory Services Network boosted its stake in DNP in the latest quarter, The investment management firm added 14,667 additional shares and now holds a total of 25,176 shares of DNP Select Income Fund which is valued at $252,540. DNP Select Income Fund makes up approx 0.05% of Advisory Services Network’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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