Advisor Resource Council purchased a new position in DNP Select Income Fund Inc. (NYSE:DNP – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 41,564 shares of the investment management company’s stock, valued at approximately $352,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northern Trust Corp lifted its holdings in DNP Select Income Fund by 0.8% during the second quarter. Northern Trust Corp now owns 141,959 shares of the investment management company’s stock valued at $1,539,000 after purchasing an additional 1,100 shares during the last quarter. IFP Advisors Inc lifted its holdings in DNP Select Income Fund by 2.5% during the third quarter. IFP Advisors Inc now owns 49,594 shares of the investment management company’s stock valued at $472,000 after purchasing an additional 1,200 shares during the last quarter. Investment Partners LTD. lifted its holdings in DNP Select Income Fund by 2.8% during the third quarter. Investment Partners LTD. now owns 46,026 shares of the investment management company’s stock valued at $438,000 after purchasing an additional 1,260 shares during the last quarter. Integrated Wealth Concepts LLC lifted its holdings in DNP Select Income Fund by 10.9% during the second quarter. Integrated Wealth Concepts LLC now owns 13,445 shares of the investment management company’s stock valued at $141,000 after purchasing an additional 1,323 shares during the last quarter. Finally, Equitable Holdings Inc. lifted its holdings in DNP Select Income Fund by 2.9% during the fourth quarter. Equitable Holdings Inc. now owns 48,245 shares of the investment management company’s stock valued at $543,000 after purchasing an additional 1,340 shares during the last quarter. 8.55% of the stock is owned by hedge funds and other institutional investors.
DNP Select Income Fund Stock Down 0.2 %
NYSE DNP opened at $9.02 on Friday. The firm’s 50-day simple moving average is $8.82 and its two-hundred day simple moving average is $9.05. DNP Select Income Fund Inc. has a 52 week low of $8.09 and a 52 week high of $11.18.
DNP Select Income Fund Announces Dividend
The business also recently declared a — dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 28th will be given a dividend of $0.065 per share. This represents a dividend yield of 8.6%. The ex-dividend date of this dividend is Friday, June 28th.
About DNP Select Income Fund
DNP Select Income Fund Inc is a closed ended balanced mutual fund launched by Virtus Investment Partners, Inc The fund is managed by Duff & Phelps Investment Management Co It invests in the public equity and fixed income markets of the United States. For the fixed income portion, the fund invests in bonds.
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