Cerity Partners LLC Acquires 20,724 Shares of DNP Select Income Fund Inc. (NYSE:DNP)

Cerity Partners LLC boosted its holdings in DNP Select Income Fund Inc. (NYSE:DNP) by 46.0% in the fourth quarter, Holdings Channel reports. The firm owned 65,756 shares of the investment management company’s stock after purchasing an additional 20,724 shares during the quarter. Cerity Partners LLC’s holdings in DNP Select Income Fund were worth $558,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of DNP. Sowell Financial Services LLC acquired a new stake in shares of DNP Select Income Fund during the 4th quarter worth about $964,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of DNP Select Income Fund in the 3rd quarter valued at approximately $108,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in shares of DNP Select Income Fund by 61.2% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 226,667 shares of the investment management company’s stock valued at $2,158,000 after buying an additional 86,044 shares in the last quarter. Advisor Resource Council acquired a new position in shares of DNP Select Income Fund in the 4th quarter valued at approximately $352,000. Finally, N.E.W. Advisory Services LLC grew its holdings in shares of DNP Select Income Fund by 1,893.4% during the 3rd quarter. N.E.W. Advisory Services LLC now owns 423,309 shares of the investment management company’s stock valued at $4,030,000 after purchasing an additional 402,073 shares during the last quarter. Institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Price Performance

Shares of DNP Select Income Fund stock opened at $8.83 on Thursday. The firm’s 50 day moving average is $8.90 and its 200 day moving average is $8.92. DNP Select Income Fund Inc. has a 1 year low of $8.09 and a 1 year high of $11.18.

DNP Select Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, May 10th. Investors of record on Tuesday, April 30th will be issued a dividend of $0.065 per share. This represents a $0.78 annualized dividend and a dividend yield of 8.83%. The ex-dividend date of this dividend is Monday, April 29th.

DNP Select Income Fund Company Profile

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.