DNP Select Income Fund Inc. $DNP Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC raised its position in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 4.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,434 shares of the investment management company’s stock after buying an additional 1,246 shares during the quarter. Farther Finance Advisors LLC’s holdings in DNP Select Income Fund were worth $318,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Royal Bank of Canada raised its stake in DNP Select Income Fund by 19.6% during the first quarter. Royal Bank of Canada now owns 2,538,820 shares of the investment management company’s stock valued at $25,109,000 after buying an additional 415,954 shares in the last quarter. LPL Financial LLC grew its holdings in shares of DNP Select Income Fund by 4.4% during the first quarter. LPL Financial LLC now owns 2,298,467 shares of the investment management company’s stock valued at $22,732,000 after purchasing an additional 96,233 shares during the last quarter. Baird Financial Group Inc. grew its holdings in shares of DNP Select Income Fund by 4.9% during the first quarter. Baird Financial Group Inc. now owns 1,648,916 shares of the investment management company’s stock valued at $16,308,000 after purchasing an additional 77,017 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of DNP Select Income Fund by 9.0% during the first quarter. Cetera Investment Advisers now owns 1,377,023 shares of the investment management company’s stock valued at $13,619,000 after purchasing an additional 114,135 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in shares of DNP Select Income Fund by 1.5% during the first quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,230,048 shares of the investment management company’s stock valued at $12,202,000 after purchasing an additional 18,510 shares during the last quarter. Institutional investors and hedge funds own 8.51% of the company’s stock.

DNP Select Income Fund Stock Up 0.3%

NYSE:DNP opened at $10.03 on Tuesday. The stock has a 50 day moving average of $9.87 and a 200-day moving average of $9.72. DNP Select Income Fund Inc. has a 52 week low of $8.69 and a 52 week high of $10.04.

DNP Select Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, January 12th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.065 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a c) annualized dividend 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.