Bay Colony Advisory Group Inc d b a Bay Colony Advisors Grows Stock Holdings in DNP Select Income Fund Inc. $DNP

Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position in DNP Select Income Fund Inc. (NYSE:DNP) by 5.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,299,663 shares of the investment management company’s stock after acquiring an additional 69,615 shares during the quarter. DNP Select Income Fund comprises about 1.8% of Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ portfolio, making the stock its 12th largest position. Bay Colony Advisory Group Inc d b a Bay Colony Advisors owned 0.35% of DNP Select Income Fund worth $12,724,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ameritas Advisory Services LLC purchased a new stake in shares of DNP Select Income Fund in the second quarter valued at $27,000. Private Trust Co. NA purchased a new stake in shares of DNP Select Income Fund in the first quarter worth approximately $35,000. IFP Advisors Inc lifted its holdings in DNP Select Income Fund by 25.6% during the 1st quarter. IFP Advisors Inc now owns 5,931 shares of the investment management company’s stock valued at $59,000 after buying an additional 1,210 shares in the last quarter. Oliver Lagore Vanvalin Investment Group bought a new stake in DNP Select Income Fund during the 2nd quarter valued at about $64,000. Finally, MJT & Associates Financial Advisory Group Inc. bought a new stake in DNP Select Income Fund during the 1st quarter valued at about $78,000. Hedge funds and other institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Trading Down 0.0%

Shares of DNP opened at $10.18 on Friday. DNP Select Income Fund Inc. has a 1-year low of $8.69 and a 1-year high of $10.25. The company has a 50-day moving average of $9.97 and a 200 day moving average of $9.80.

DNP Select Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, January 12th. Investors of record on Wednesday, December 31st will be issued a dividend of $0.065 per share. The ex-dividend date is Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 7.7%.

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.