Janney Montgomery Scott LLC Purchases 6,723 Shares of DNP Select Income Fund Inc. $DNP

Janney Montgomery Scott LLC grew its stake in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 1.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 388,746 shares of the investment management company’s stock after acquiring an additional 6,723 shares during the quarter. Janney Montgomery Scott LLC owned about 0.11% of DNP Select Income Fund worth $3,806,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of DNP. Private Trust Co. NA acquired a new position in shares of DNP Select Income Fund during the first quarter valued at about $35,000. IFP Advisors Inc increased its holdings in DNP Select Income Fund by 25.6% in the 1st quarter. IFP Advisors Inc now owns 5,931 shares of the investment management company’s stock worth $59,000 after buying an additional 1,210 shares during the period. NBC Securities Inc. increased its holdings in DNP Select Income Fund by 612,300.0% in the 1st quarter. NBC Securities Inc. now owns 6,124 shares of the investment management company’s stock worth $60,000 after buying an additional 6,123 shares during the period. Oliver Lagore Vanvalin Investment Group acquired a new position in DNP Select Income Fund in the 2nd quarter worth approximately $64,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new position in DNP Select Income Fund in the 1st quarter worth approximately $78,000. Institutional investors and hedge funds own 8.51% of the company’s stock.

DNP Select Income Fund Trading Down 0.1%

Shares of NYSE:DNP opened at $10.00 on Wednesday. DNP Select Income Fund Inc. has a twelve month low of $8.69 and a twelve month high of $10.04. The company’s 50 day moving average is $9.89 and its 200 day moving average is $9.73.

DNP Select Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, January 12th. Investors of record on Wednesday, December 31st will be issued a $0.065 dividend. This represents a c) annualized dividend and a yield of 7.8%. The ex-dividend date is Wednesday, December 31st.

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.