Bank of America Corp DE increased its stake in shares of DNP Select Income Fund Inc. (NYSE:DNP - Free Report) by 19.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,049,369 shares of the investment management company's stock after buying an additional 168,439 shares during the period. Bank of America Corp DE owned 0.28% of DNP Select Income Fund worth $10,809,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. grew its stake in shares of DNP Select Income Fund by 16.5% during the first quarter. Sunbelt Securities Inc. now owns 11,060 shares of the investment management company's stock valued at $114,000 after purchasing an additional 1,569 shares during the last quarter. Talon Private Wealth LLC bought a new position in DNP Select Income Fund in the 1st quarter valued at $531,000. Royal Bank of Canada increased its stake in shares of DNP Select Income Fund by 4.2% in the 1st quarter. Royal Bank of Canada now owns 3,229,721 shares of the investment management company's stock valued at $33,266,000 after buying an additional 131,646 shares during the period. Compound Planning Inc. raised its position in shares of DNP Select Income Fund by 14.0% during the first quarter. Compound Planning Inc. now owns 108,406 shares of the investment management company's stock worth $1,117,000 after acquiring an additional 13,294 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in shares of DNP Select Income Fund by 1.3% during the first quarter. Cetera Investment Advisers now owns 1,530,527 shares of the investment management company's stock worth $15,764,000 after acquiring an additional 19,122 shares during the last quarter. Institutional investors own 8.51% of the company's stock.
DNP Select Income Fund Stock Performance
DNP Select Income Fund stock opened at $10.88 on Monday. The company has a 50 day moving average of $10.90 and a 200-day moving average of $10.64. DNP Select Income Fund Inc. has a twelve month low of $9.69 and a twelve month high of $11.16.
DNP Select Income Fund Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 13th. Shareholders of record on Wednesday, September 30th will be paid a $0.065 dividend. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date is Wednesday, September 30th.
About DNP Select Income Fund
(
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.
Further Reading
Want to see what other hedge funds are holding DNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DNP Select Income Fund Inc. (NYSE:DNP - Free Report).
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