544,615 Shares in DNP Select Income Fund Inc. $DNP Acquired by N.E.W. Advisory Services LLC

N.E.W. Advisory Services LLC acquired a new stake in DNP Select Income Fund Inc. (NYSE:DNPFree Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 544,615 shares of the investment management company’s stock, valued at approximately $5,876,000. DNP Select Income Fund makes up 0.4% of N.E.W. Advisory Services LLC’s investment portfolio, making the stock its 22nd largest position. N.E.W. Advisory Services LLC owned about 0.14% of DNP Select Income Fund as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Providence First Trust Co lifted its holdings in shares of DNP Select Income Fund by 135.8% in the fourth quarter. Providence First Trust Co now owns 206,438 shares of the investment management company’s stock valued at $2,062,000 after purchasing an additional 118,905 shares in the last quarter. Walser Wealth Management Company A Ltd Liability Co purchased a new position in shares of DNP Select Income Fund during the 4th quarter worth approximately $852,000. Verus Capital Partners LLC increased its stake in shares of DNP Select Income Fund by 80.0% during the 4th quarter. Verus Capital Partners LLC now owns 262,188 shares of the investment management company’s stock worth $2,619,000 after purchasing an additional 116,498 shares in the last quarter. Kestra Advisory Services LLC increased its stake in shares of DNP Select Income Fund by 63.0% during the 1st quarter. Kestra Advisory Services LLC now owns 161,429 shares of the investment management company’s stock worth $1,663,000 after purchasing an additional 62,419 shares in the last quarter. Finally, Royal Bank of Canada raised its position in shares of DNP Select Income Fund by 4.2% during the 1st quarter. Royal Bank of Canada now owns 3,229,721 shares of the investment management company’s stock worth $33,266,000 after purchasing an additional 131,646 shares during the last quarter. 8.51% of the stock is owned by institutional investors and hedge funds.

DNP Select Income Fund Stock Down 0.1%

DNP stock opened at $10.96 on Monday. DNP Select Income Fund Inc. has a 1 year low of $9.69 and a 1 year high of $11.16. The stock’s 50 day moving average price is $10.88 and its 200 day moving average price is $10.61.

DNP Select Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, October 13th. Stockholders of record on Wednesday, September 30th will be issued a $0.065 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date of this dividend is Wednesday, September 30th.

DNP Select Income Fund Profile

(Free Report)

DNP Select Income Fund is a closed‐end management investment company listed on the New York Stock Exchange under the symbol DNP. The fund’s primary objective is to provide high current income and, as a secondary objective, capital appreciation by investing in income‐producing securities.

To pursue its objectives, DNP Select Income Fund allocates the majority of its assets to equity and equity‐related securities of energy infrastructure companies, with a particular focus on master limited partnerships (MLPs) in the midstream sector.

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Institutional Ownership by Quarter for DNP Select Income Fund (NYSE:DNP)

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