Cetera Investment Advisers Acquires 114,135 Shares of DNP Select Income Fund Inc. (NYSE:DNP)

Cetera Investment Advisers boosted its position in shares of DNP Select Income Fund Inc. (NYSE:DNP - Free Report) by 9.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,377,023 shares of the investment management company's stock after purchasing an additional 114,135 shares during the quarter. Cetera Investment Advisers owned about 0.37% of DNP Select Income Fund worth $13,619,000 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. Cerity Partners LLC increased its stake in shares of DNP Select Income Fund by 2.1% in the 1st quarter. Cerity Partners LLC now owns 54,187 shares of the investment management company's stock valued at $536,000 after acquiring an additional 1,111 shares during the last quarter. CreativeOne Wealth LLC increased its stake in shares of DNP Select Income Fund by 6.4% in the 4th quarter. CreativeOne Wealth LLC now owns 20,204 shares of the investment management company's stock valued at $178,000 after acquiring an additional 1,210 shares during the last quarter. IFP Advisors Inc increased its stake in shares of DNP Select Income Fund by 25.6% in the 1st quarter. IFP Advisors Inc now owns 5,931 shares of the investment management company's stock valued at $59,000 after acquiring an additional 1,210 shares during the last quarter. Rockefeller Capital Management L.P. increased its stake in shares of DNP Select Income Fund by 0.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 176,602 shares of the investment management company's stock valued at $1,558,000 after acquiring an additional 1,413 shares during the last quarter. Finally, Lifeworks Advisors LLC increased its stake in shares of DNP Select Income Fund by 10.1% in the 1st quarter. Lifeworks Advisors LLC now owns 16,534 shares of the investment management company's stock valued at $164,000 after acquiring an additional 1,515 shares during 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 on Friday, hitting $9.77. The company's stock had a trading volume of 400,795 shares, compared to its average volume of 516,024. The firm's fifty day moving average price is $9.75 and its 200-day moving average price is $9.58. DNP Select Income Fund Inc. has a fifty-two week low of $8.69 and a fifty-two week high of $10.04.

DNP Select Income Fund Dividend Announcement

The firm 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. The ex-dividend date is Tuesday, September 30th. This represents a c) annualized dividend and a dividend yield of 8.0%.

About DNP Select Income Fund

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.