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Advisor Resource Council bought 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 institutional investors have also recently changed their positions on the company. Northern Trust Corporation increased its holdings in his DNP Select Income Fund by 0.8% during the second quarter. Northern Trust Corporation now owns 141,959 shares of the company’s stock worth $1,539,000 after purchasing an additional 1,100 shares in the last quarter. IFP Advisors Inc increased its holdings in DNP Select Income Fund by 2.5% during the 3rd 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 Inc. grew its holdings in DNP Select Income Fund by 2.8% during the 3rd quarter. Investment Partners Inc. 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 grew its holdings in DNP Select Income Fund by 10.9% during the 2nd 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. increased its holdings in shares of DNP Select Income Fund by 2.9% during the 4th 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 shares fall 0.2%
NYSE DNP opened at $9.02 on Friday. The company’s 50 day simple moving average is $8.82 and its 200 day simple moving average is $9.05. DNP Select Income Fund’s 52-week low is $8.09 and 52-week high is $11.18.
Announcement of DNP Select Income Fund dividend
The company also recently announced a dividend, which will be paid on Wednesday, July 10th. The shareholder of record on Friday, June 28th will receive a dividend of $0.065 per share. This corresponds to a dividend yield of 8.6%. The ex-dividend date of this dividend will be June 28th (Friday).
About DNP Select Income Fund
(Free report)
DNP Select Income Fund is a closed-end, balanced mutual fund launched by Virtus Investment Partners, Inc. The Fund is managed by Duff & Phelps Investment Management Co and invests in the U.S. public equity and debt markets. For the fixed income component, the Fund invests in bonds.
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Curious if other hedge funds own DNP? Visit HoldingsChannel.com to get the latest 13F filings and insider transactions for DNP Select Income Fund, Inc. (NYSE:DNP – Free Report).
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