Cetera Investment Advisers Has $11.14 Million Holdings in DNP Select Income Fund Inc. (NYSE:DNP)

Cetera Investment Advisers lifted its position in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 5.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,262,888 shares of the investment management company’s stock after buying an additional 66,134 shares during the period. Cetera Investment Advisers’ holdings in DNP Select Income Fund were worth $11,139,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Crews Bank & Trust bought a new position in shares of DNP Select Income Fund during the 4th quarter worth approximately $29,000. UMB Bank n.a. acquired a new stake in shares of DNP Select Income Fund in the fourth quarter valued at about $34,000. Tandem Financial LLC bought a new stake in DNP Select Income Fund during the fourth quarter worth about $34,000. Golden State Wealth Management LLC acquired a new position in DNP Select Income Fund during the fourth quarter valued at approximately $35,000. Finally, Sandy Spring Bank increased its position in shares of DNP Select Income Fund by 141.4% during the 4th quarter. Sandy Spring Bank now owns 4,951 shares of the investment management company’s stock worth $44,000 after purchasing an additional 2,900 shares during the last quarter. 8.51% of the stock is currently owned by institutional investors.

DNP Select Income Fund Price Performance

NYSE DNP opened at $9.62 on Friday. DNP Select Income Fund Inc. has a 12 month low of $8.02 and a 12 month high of $10.04. The stock has a 50 day moving average of $9.51 and a 200-day moving average of $9.39.

DNP Select Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, May 12th. Stockholders of record on Wednesday, April 30th will be given a $0.065 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 8.11%. The ex-dividend date of this dividend is Wednesday, April 30th.

Insider Activity

In other DNP Select Income Fund news, Director Geraldine M. Mcnamara sold 11,391 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $9.41, for a total transaction of $107,189.31. Following the completion of the sale, the director now owns 5,344 shares of the company’s stock, valued at $50,287.04. This trade represents a 68.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.06% of the stock is owned by insiders.

About DNP Select Income Fund

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.