Arlington Capital Management Inc. reduced its position in shares of DNP Select Income Fund Inc. (NYSE:DNP - Free Report) by 50.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 41,185 shares of the investment management company's stock after selling 41,467 shares during the quarter. Arlington Capital Management Inc.'s holdings in DNP Select Income Fund were worth $407,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DNP. LPL Financial LLC lifted its stake in shares of DNP Select Income Fund by 2.0% in the 4th quarter. LPL Financial LLC now owns 2,202,234 shares of the investment management company's stock valued at $19,424,000 after purchasing an additional 42,768 shares during the period. Royal Bank of Canada lifted its stake in shares of DNP Select Income Fund by 10.2% in the 4th quarter. Royal Bank of Canada now owns 2,122,866 shares of the investment management company's stock valued at $18,724,000 after purchasing an additional 196,531 shares during the period. Wells Fargo & Company MN lifted its stake in shares of DNP Select Income Fund by 995.9% in the 4th quarter. Wells Fargo & Company MN now owns 1,578,766 shares of the investment management company's stock valued at $13,925,000 after purchasing an additional 1,434,708 shares during the period. Baird Financial Group Inc. lifted its stake in shares of DNP Select Income Fund by 7.9% in the 4th quarter. Baird Financial Group Inc. now owns 1,571,899 shares of the investment management company's stock valued at $13,864,000 after purchasing an additional 115,109 shares during the period. Finally, Cetera Investment Advisers increased its position in shares of DNP Select Income Fund by 5.5% in the 4th quarter. Cetera Investment Advisers now owns 1,262,888 shares of the investment management company's stock valued at $11,139,000 after buying an additional 66,134 shares in the last quarter. 8.51% of the stock is owned by institutional investors.
DNP Select Income Fund Price Performance
Shares of DNP traded down $0.02 during trading hours on Monday, reaching $9.82. The stock had a trading volume of 387,181 shares, compared to its average volume of 627,989. DNP Select Income Fund Inc. has a 52 week low of $8.69 and a 52 week high of $10.04. The firm has a 50-day moving average of $9.74 and a 200 day moving average of $9.56.
DNP Select Income Fund Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Friday, October 10th. Investors of record on Tuesday, September 30th will be given a $0.065 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 7.95%. The ex-dividend date is Tuesday, September 30th.
DNP Select Income Fund 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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