Cerity Partners LLC Has $536,000 Position in DNP Select Income Fund Inc. (NYSE:DNP)

Cerity Partners LLC increased its stake in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 2.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 54,187 shares of the investment management company’s stock after acquiring an additional 1,111 shares during the quarter. Cerity Partners LLC’s holdings in DNP Select Income Fund were worth $536,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of DNP. Private Trust Co. NA bought a new position in shares of DNP Select Income Fund in the first quarter valued at approximately $35,000. Sunbelt Securities Inc. purchased a new stake in DNP Select Income Fund in the 4th quarter valued at $34,000. NBC Securities Inc. lifted its stake in DNP Select Income Fund by 612,300.0% during the 1st quarter. NBC Securities Inc. now owns 6,124 shares of the investment management company’s stock valued at $60,000 after acquiring an additional 6,123 shares in the last quarter. Menard Financial Group LLC purchased a new position in DNP Select Income Fund during the 4th quarter worth $55,000. Finally, AdvisorNet Financial Inc boosted its holdings in DNP Select Income Fund by 172.3% during the 1st quarter. AdvisorNet Financial Inc now owns 7,443 shares of the investment management company’s stock worth $74,000 after acquiring an additional 4,710 shares during the last quarter. 8.51% of the stock is currently owned by institutional investors and hedge funds.

DNP Select Income Fund Price Performance

DNP opened at $9.84 on Friday. DNP Select Income Fund Inc. has a fifty-two week low of $8.69 and a fifty-two week high of $10.04. The company’s 50-day moving average is $9.74 and its 200 day moving average is $9.55.

DNP Select Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, October 10th. Stockholders of record on Tuesday, September 30th will be issued a $0.065 dividend. This represents a $0.78 annualized dividend and a dividend yield of 7.93%. The ex-dividend date of this dividend is Tuesday, September 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.