Northwestern Mutual Investment Services adds DNP Select Income Fund (DNP) to its portfolio

DNP Select Income Fund (DNP) : Northwestern Mutual Investment Services added new position in DNP Select Income Fund during the most recent quarter end. The investment management firm now holds 5,475 shares of DNP Select Income Fund which is valued at $54,312 , the company said in a statement filed on Nov 14, 2016 with the SEC.DNP Select Income Fund makes up approximately 0.01% of Northwestern Mutual Investment Services’s portfolio.

Other Hedge Funds, Including , Private Advisor Group boosted its stake in DNP in the latest quarter, The investment management firm added 4,186 additional shares and now holds a total of 134,196 shares of DNP Select Income Fund which is valued at $1,332,566. DNP Select Income Fund makes up approx 0.05% of Private Advisor Group’s portfolio.Sheaff Brock Investment Advisors boosted its stake in DNP in the latest quarter, The investment management firm added 2,516 additional shares and now holds a total of 77,913 shares of DNP Select Income Fund which is valued at $780,688. DNP Select Income Fund makes up approx 0.11% of Sheaff Brock Investment Advisors’s portfolio. Plancorp added DNP to its portfolio by purchasing 48,490 company shares during the most recent quarter which is valued at $485,870. DNP Select Income Fund makes up approx 0.45% of Plancorp’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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