NBC Securities Inc. Buys 6,123 Shares of DNP Select Income Fund Inc. (NYSE:DNP)

NBC Securities Inc. lifted its stake in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 612,300.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,124 shares of the investment management company’s stock after acquiring an additional 6,123 shares during the period. NBC Securities Inc.’s holdings in DNP Select Income Fund were worth $60,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Sunbelt Securities Inc. bought a new position in DNP Select Income Fund in the fourth quarter valued at $34,000. Golden State Wealth Management LLC bought a new position in DNP Select Income Fund in the fourth quarter valued at $35,000. Sandy Spring Bank grew its position in DNP Select Income Fund by 141.4% in the fourth quarter. Sandy Spring Bank now owns 4,951 shares of the investment management company’s stock valued at $44,000 after purchasing an additional 2,900 shares in the last quarter. Menard Financial Group LLC bought a new position in DNP Select Income Fund in the fourth quarter valued at $55,000. Finally, AdvisorNet Financial Inc grew its position in DNP Select Income Fund by 172.3% in the first quarter. AdvisorNet Financial Inc now owns 7,443 shares of the investment management company’s stock valued at $74,000 after purchasing an additional 4,710 shares in the last quarter. Institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Trading Up 0.4%

Shares of DNP stock opened at $9.75 on Thursday. The company has a fifty day moving average price of $9.57 and a two-hundred day moving average price of $9.44. DNP Select Income Fund Inc. has a one year low of $8.02 and a one year high of $10.04.

DNP Select Income Fund Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, June 10th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.065 per share. This represents a dividend yield of 8%. The ex-dividend date of this dividend was Friday, May 30th.

DNP Select Income Fund 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.