Duff & Phelps Utilities Income, Inc. (NYSE:DNP) Director Philip R. Mcloughlin sold 7,500 shares of Duff & Phelps Utilities Income stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $11.33, for a total transaction of $84,975.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Duff & Phelps Utilities Income, Inc. (NYSE DNP) traded up 0.09% during midday trading on Thursday, hitting $11.39. 218,515 shares of the stock traded hands. The company’s 50-day moving average is $11.36 and its 200-day moving average is $11.13. Duff & Phelps Utilities Income, Inc. has a one year low of $9.81 and a one year high of $11.54.

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Several hedge funds have recently made changes to their positions in the company. GSB Wealth Management LLC boosted its stake in shares of Duff & Phelps Utilities Income by 1.1% in the second quarter. GSB Wealth Management LLC now owns 103,475 shares of the investment management company’s stock valued at $1,140,000 after purchasing an additional 1,134 shares during the period. Cetera Investment Advisers purchased a new position in shares of Duff & Phelps Utilities Income in the second quarter valued at $413,000. National Asset Management Inc. boosted its stake in shares of Duff & Phelps Utilities Income by 2.6% in the second quarter. National Asset Management Inc. now owns 23,136 shares of the investment management company’s stock valued at $255,000 after purchasing an additional 583 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Duff & Phelps Utilities Income by 6.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 104,090 shares of the investment management company’s stock valued at $1,146,000 after purchasing an additional 6,178 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Duff & Phelps Utilities Income by 292.2% in the second quarter. The Manufacturers Life Insurance Company now owns 24,175 shares of the investment management company’s stock valued at $266,000 after purchasing an additional 18,011 shares during the period. Institutional investors and hedge funds own 3.58% of the company’s stock.

About Duff & Phelps Utilities Income

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. It seeks to achieve its investment objectives by investing primarily in the public utility industry.

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