Janney Montgomery Scott LLC Boosts Position in DNP Select Income Fund Inc. (NYSE:DNP)

Janney Montgomery Scott LLC boosted its position in shares of DNP Select Income Fund Inc. (NYSE:DNP – Get Rating) by 1.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 401,256 shares of the investment management company’s stock after purchasing an additional 5,526 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.12% of DNP Select Income Fund worth $4,157,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Oliver Lagore Vanvalin Investment Group purchased a new stake in DNP Select Income Fund during the second quarter worth $26,000. Selective Wealth Management Inc. purchased a new stake in shares of DNP Select Income Fund in the second quarter valued at $28,000. ACG Wealth purchased a new stake in shares of DNP Select Income Fund in the second quarter valued at $35,000. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new stake in shares of DNP Select Income Fund in the first quarter valued at $49,000. Finally, SeaCrest Wealth Management LLC purchased a new stake in shares of DNP Select Income Fund in the second quarter valued at $51,000. 7.75% of the stock is currently owned by hedge funds and other institutional investors.

DNP Select Income Fund Stock Up 0.4 %

Shares of NYSE:DNP opened at $11.46 on Wednesday. The business has a fifty day simple moving average of $11.23 and a 200-day simple moving average of $11.05. DNP Select Income Fund Inc. has a 52 week low of $9.83 and a 52 week high of $12.00.

DNP Select Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 10th. Stockholders of record on Tuesday, January 31st will be issued a dividend of $0.065 per share. The ex-dividend date is Monday, January 30th. This represents a $0.78 annualized dividend and a dividend yield of 6.81%.

DNP Select Income Fund Company Profile

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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.