Cwm LLC Has $279,000 Stock Holdings in DNP Select Income Fund Inc. (NYSE:DNP)

Cwm LLC grew its stake in DNP Select Income Fund Inc. (NYSE:DNP) by 16.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,254 shares of the investment management company’s stock after acquiring an additional 4,040 shares during the period. Cwm LLC’s holdings in DNP Select Income Fund were worth $279,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Cerity Partners LLC grew its position in shares of DNP Select Income Fund by 2.1% in the 1st quarter. Cerity Partners LLC now owns 54,187 shares of the investment management company’s stock valued at $536,000 after acquiring an additional 1,111 shares during the period. CreativeOne Wealth LLC raised its holdings in shares of DNP Select Income Fund by 6.4% in the 4th quarter. CreativeOne Wealth LLC now owns 20,204 shares of the investment management company’s stock valued at $178,000 after purchasing an additional 1,210 shares during the period. Rockefeller Capital Management L.P. lifted its stake in DNP Select Income Fund by 0.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 176,602 shares of the investment management company’s stock valued at $1,558,000 after purchasing an additional 1,413 shares during the last quarter. Stifel Financial Corp lifted its stake in DNP Select Income Fund by 3.0% in the 4th quarter. Stifel Financial Corp now owns 66,078 shares of the investment management company’s stock valued at $583,000 after purchasing an additional 1,934 shares during the last quarter. Finally, Zacks Investment Management grew its holdings in DNP Select Income Fund by 10.4% during the fourth quarter. Zacks Investment Management now owns 21,219 shares of the investment management company’s stock worth $187,000 after purchasing an additional 2,000 shares during the period. Institutional investors and hedge funds own 8.51% of the company’s stock.

DNP Select Income Fund Price Performance

Shares of NYSE DNP opened at $9.84 on Friday. The business’s 50 day moving average price is $9.74 and its two-hundred day moving average price is $9.56. DNP Select Income Fund Inc. has a twelve month low of $8.69 and a twelve month high of $10.04.

DNP Select Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, October 10th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.065 per share. This represents a $0.78 dividend on an annualized basis 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.