DNP Select Income Fund Inc. (NYSE:DNP) Stock Position Boosted by Farther Finance Advisors LLC

Farther Finance Advisors LLC grew its stake in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 69.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,188 shares of the investment management company’s stock after buying an additional 12,802 shares during the quarter. Farther Finance Advisors LLC’s holdings in DNP Select Income Fund were worth $306,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Wells Fargo & Company MN grew its position in DNP Select Income Fund by 995.9% in the fourth quarter. Wells Fargo & Company MN now owns 1,578,766 shares of the investment management company’s stock worth $13,925,000 after buying an additional 1,434,708 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of DNP Select Income Fund in the 4th quarter valued at $7,738,000. Wolverine Asset Management LLC acquired a new stake in shares of DNP Select Income Fund during the fourth quarter valued at approximately $2,915,000. Royal Bank of Canada boosted its position in shares of DNP Select Income Fund by 10.2% in the fourth quarter. Royal Bank of Canada now owns 2,122,866 shares of the investment management company’s stock worth $18,724,000 after buying an additional 196,531 shares during the period. Finally, Cohen & Steers Inc. raised its position in DNP Select Income Fund by 104.4% during the fourth quarter. Cohen & Steers Inc. now owns 360,387 shares of the investment management company’s stock valued at $3,179,000 after buying an additional 184,064 shares during the period. 8.51% of the stock is owned by institutional investors and hedge funds.

DNP Select Income Fund Price Performance

Shares of DNP Select Income Fund stock opened at $9.66 on Wednesday. The stock has a 50-day moving average price of $9.63 and a 200 day moving average price of $9.44. DNP Select Income Fund Inc. has a 1 year low of $8.08 and a 1 year high of $10.04.

DNP Select Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 10th. Investors of record on Tuesday, September 30th will be given a dividend of $0.065 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.78 dividend on an annualized basis and a yield of 8.07%.

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.