BB&T Corp Has $471,000 Holdings in Duff & Phelps Utilities Income, Inc. (DNP)

BB&T Corp grew its stake in Duff & Phelps Utilities Income, Inc. (NYSE:DNP) by 107.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,017 shares of the investment management company’s stock after buying an additional 21,247 shares during the period. BB&T Corp’s holdings in Duff & Phelps Utilities Income were worth $471,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in DNP. Investment Partners Ltd. OH ADV lifted its position in shares of Duff & Phelps Utilities Income by 24.4% in the second quarter. Investment Partners Ltd. OH ADV now owns 17,770 shares of the investment management company’s stock worth $196,000 after buying an additional 3,482 shares during the last quarter. Carroll Financial Associates Inc. lifted its position in shares of Duff & Phelps Utilities Income by 182.2% in the second quarter. Carroll Financial Associates Inc. now owns 15,489 shares of the investment management company’s stock worth $170,000 after buying an additional 10,000 shares during the last quarter. Aviance Capital Partners LLC lifted its position in shares of Duff & Phelps Utilities Income by 4.0% in the second quarter. Aviance Capital Partners LLC now owns 252,835 shares of the investment management company’s stock worth $2,784,000 after buying an additional 9,635 shares during the last quarter. FineMark National Bank & Trust lifted its position in shares of Duff & Phelps Utilities Income by 1.9% in the second quarter. FineMark National Bank & Trust now owns 82,010 shares of the investment management company’s stock worth $903,000 after buying an additional 1,495 shares during the last quarter. Finally, Schnieders Capital Management LLC lifted its position in shares of Duff & Phelps Utilities Income by 3.3% in the second quarter. Schnieders Capital Management LLC now owns 15,729 shares of the investment management company’s stock worth $173,000 after buying an additional 500 shares during the last quarter. 3.58% of the stock is owned by institutional investors.

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The business also recently disclosed a monthly dividend, which will be paid on Friday, November 10th. Stockholders of record on Tuesday, October 31st will be issued a $0.065 dividend. This represents a $0.78 annualized dividend and a dividend yield of 6.93%. The ex-dividend date is Monday, October 30th.

In other news, Director Philip R. Mcloughlin sold 7,500 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $11.33, for a total value of $84,975.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.07% of the stock is owned by company insiders.

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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Institutional Ownership by Quarter for Duff & Phelps Utilities Income (NYSE:DNP)

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