DNP Select Income Fund Inc. $DNP Shares Purchased by Jacobi Capital Management LLC

Jacobi Capital Management LLC grew its position in DNP Select Income Fund Inc. (NYSE:DNP) by 42.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,671 shares of the investment management company’s stock after purchasing an additional 9,159 shares during the period. Jacobi Capital Management LLC’s holdings in DNP Select Income Fund were worth $303,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DNP. Citadel Advisors LLC increased its holdings in shares of DNP Select Income Fund by 387.6% in the 4th quarter. Citadel Advisors LLC now owns 102,431 shares of the investment management company’s stock valued at $903,000 after acquiring an additional 81,424 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of DNP Select Income Fund by 12.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 68,409 shares of the investment management company’s stock worth $677,000 after purchasing an additional 7,698 shares in the last quarter. Private Trust Co. NA bought a new stake in shares of DNP Select Income Fund during the 1st quarter worth about $35,000. Bank of America Corp DE raised its position in shares of DNP Select Income Fund by 7.7% during the 4th quarter. Bank of America Corp DE now owns 934,015 shares of the investment management company’s stock worth $8,238,000 after buying an additional 66,548 shares in the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of DNP Select Income Fund in the first quarter valued at $137,000. 8.51% of the stock is owned by institutional investors and hedge funds.

DNP Select Income Fund Stock Up 0.5%

Shares of NYSE DNP opened at $10.00 on Friday. The business has a fifty day simple moving average of $9.82 and a 200-day simple moving average of $9.68. DNP Select Income Fund Inc. has a 12 month low of $8.69 and a 12 month high of $10.04.

DNP Select Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 29th were issued a dividend of $0.065 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%.

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.