Nations Financial Group Inc Ia Adv Lowers stake in DNP Select Income Fund (DNP)

DNP Select Income Fund (DNP) : Nations Financial Group Inc Ia Adv reduced its stake in DNP Select Income Fund by 2.72% during the most recent quarter end. The investment management company now holds a total of 266,191 shares of DNP Select Income Fund which is valued at $2,640,615 after selling 7,448 shares in DNP Select Income Fund , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.DNP Select Income Fund makes up approximately 2.67% of Nations Financial Group Inc Ia Adv’s portfolio.

Other Hedge Funds, Including , D.a. Davidson boosted its stake in DNP in the latest quarter, The investment management firm added 115,737 additional shares and now holds a total of 122,846 shares of DNP Select Income Fund which is valued at $1,218,632. DNP Select Income Fund makes up approx 0.03% of D.a. Davidson’s portfolio.Bb&t Securities reduced its stake in DNP by selling 2,700 shares or 19.92% in the most recent quarter. The Hedge Fund company now holds 10,856 shares of DNP which is valued at $108,994.Winch Advisory Services boosted its stake in DNP in the latest quarter, The investment management firm added 10 additional shares and now holds a total of 557 shares of DNP Select Income Fund which is valued at $5,564.Hl Financial Services reduced its stake in DNP by selling 2,500 shares or 3.71% in the most recent quarter. The Hedge Fund company now holds 64,830 shares of DNP which is valued at $667,101. DNP Select Income Fund makes up approx 0.02% of Hl Financial Services’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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