Brookwood Investment Group LLC Takes $154,000 Position in DNP Select Income Fund Inc. $DNP

Brookwood Investment Group LLC acquired a new stake in DNP Select Income Fund Inc. (NYSE:DNP) during the 2nd quarter, Holdings Channel reports. The firm acquired 15,730 shares of the investment management company’s stock, valued at approximately $154,000.

Several other large investors have also made changes to their positions in the business. Royal Bank of Canada lifted its position in shares of DNP Select Income Fund by 19.6% in 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 acquiring an additional 415,954 shares in the last quarter. LPL Financial LLC lifted its position in shares of DNP Select Income Fund by 4.4% in 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 acquiring an additional 96,233 shares in the last quarter. Baird Financial Group Inc. lifted its position in shares of DNP Select Income Fund by 4.9% in 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 acquiring an additional 77,017 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of DNP Select Income Fund by 9.0% in 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 acquiring an additional 114,135 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its position in shares of DNP Select Income Fund by 4.1% in the first quarter. Raymond James Financial Inc. now owns 913,204 shares of the investment management company’s stock valued at $9,032,000 after acquiring an additional 35,841 shares in the last quarter. 8.51% of the stock is currently owned by hedge funds and other institutional investors.

DNP Select Income Fund Stock Performance

Shares of DNP Select Income Fund stock opened at $10.19 on Thursday. DNP Select Income Fund Inc. has a 52 week low of $8.69 and a 52 week high of $10.25. The stock’s 50-day simple moving average is $9.97 and its 200-day simple moving average is $9.80.

DNP Select Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, January 12th. Investors of record on Wednesday, December 31st will be given a $0.065 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. 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.