Chicago Partners Investment Group LLC purchased a new position in shares of DNP Select Income Fund Inc. (NYSE:DNP - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 29,456 shares of the investment management company's stock, valued at approximately $283,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cerity Partners LLC raised its stake in DNP Select Income Fund by 2.1% during the 1st quarter. Cerity Partners LLC now owns 54,187 shares of the investment management company's stock worth $536,000 after acquiring an additional 1,111 shares in the last quarter. CreativeOne Wealth LLC raised its stake in DNP Select Income Fund by 6.4% during the 4th quarter. CreativeOne Wealth LLC now owns 20,204 shares of the investment management company's stock worth $178,000 after acquiring an additional 1,210 shares in the last quarter. IFP Advisors Inc increased its stake in DNP Select Income Fund by 25.6% in the first quarter. IFP Advisors Inc now owns 5,931 shares of the investment management company's stock valued at $59,000 after purchasing an additional 1,210 shares during the period. Rockefeller Capital Management L.P. increased its stake in DNP Select Income Fund by 0.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 176,602 shares of the investment management company's stock valued at $1,558,000 after purchasing an additional 1,413 shares during the period. Finally, Lifeworks Advisors LLC increased its stake in DNP Select Income Fund by 10.1% in the first quarter. Lifeworks Advisors LLC now owns 16,534 shares of the investment management company's stock valued at $164,000 after purchasing an additional 1,515 shares during the period. 8.51% of the stock is currently owned by institutional investors and hedge funds.
DNP Select Income Fund Trading Down 0.4%
NYSE DNP traded down $0.04 during trading on Friday, reaching $9.81. The company's stock had a trading volume of 554,934 shares, compared to its average volume of 500,479. DNP Select Income Fund Inc. has a twelve month low of $8.69 and a twelve month high of $10.04. The business's fifty day moving average price is $9.76 and its 200-day moving average price is $9.61.
DNP Select Income Fund Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 10th. Shareholders of record on Tuesday, September 30th will be paid a $0.065 dividend. The ex-dividend date is Tuesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 8.0%.
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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