Ameriprise Financial Inc. increased its stake in DNP Select Income Fund Inc. (NYSE:DNP - Free Report) by 39.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 141,907 shares of the investment management company's stock after buying an additional 39,855 shares during the quarter. Ameriprise Financial Inc.'s holdings in DNP Select Income Fund were worth $1,252,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Wells Fargo & Company MN grew its position in DNP Select Income Fund by 995.9% during the 4th quarter. Wells Fargo & Company MN now owns 1,578,766 shares of the investment management company's stock worth $13,925,000 after purchasing an additional 1,434,708 shares during the period. Raymond James Financial Inc. acquired a new position in DNP Select Income Fund during the fourth quarter worth about $7,738,000. Kentucky Trust Co purchased a new stake in shares of DNP Select Income Fund in the fourth quarter valued at approximately $5,598,000. Wolverine Asset Management LLC acquired a new position in shares of DNP Select Income Fund during the 4th quarter valued at about $2,915,000. Finally, Cohen & Steers Inc. lifted its position in DNP Select Income Fund by 104.4% in the fourth quarter. Cohen & Steers Inc. now owns 360,387 shares of the investment management company's stock valued at $3,179,000 after buying an additional 184,064 shares during the last quarter. 8.51% of the stock is owned by hedge funds and other institutional investors.
DNP Select Income Fund Stock Down 0.4%
Shares of NYSE DNP traded down $0.04 during mid-day trading on Wednesday, hitting $9.76. The company had a trading volume of 58,682 shares, compared to its average volume of 671,865. The business's 50-day simple moving average is $9.57 and its 200 day simple moving average is $9.43. DNP Select Income Fund Inc. has a 1-year low of $8.02 and a 1-year high of $10.04.
DNP Select Income Fund Dividend Announcement
The business also recently disclosed a dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, June 2nd will be paid a $0.065 dividend. This represents a dividend yield of 8%. The ex-dividend date is Friday, May 30th.
DNP Select Income Fund Company Profile
(
Free Report)
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.
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