Citadel Advisors LLC boosted its stake in shares of DNP Select Income Fund Inc. (NYSE:DNP - Free Report) by 387.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,431 shares of the investment management company's stock after purchasing an additional 81,424 shares during the quarter. Citadel Advisors LLC's holdings in DNP Select Income Fund were worth $903,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also added to or reduced their stakes in DNP. Wolverine Asset Management LLC purchased a new position in DNP Select Income Fund during the 4th quarter worth $2,915,000. Strategic Financial Concepts LLC acquired a new stake in DNP Select Income Fund in the fourth quarter worth about $349,000. Keystone Financial Group purchased a new stake in shares of DNP Select Income Fund during the fourth quarter worth about $743,000. Bank of America Corp DE grew its stake in shares of DNP Select Income Fund by 7.7% during the fourth quarter. Bank of America Corp DE now owns 934,015 shares of the investment management company's stock worth $8,238,000 after acquiring an additional 66,548 shares during the last quarter. Finally, J.W. Cole Advisors Inc. grew its stake in shares of DNP Select Income Fund by 23.4% during the fourth quarter. J.W. Cole Advisors Inc. now owns 766,719 shares of the investment management company's stock worth $6,762,000 after acquiring an additional 145,449 shares during the last quarter. 8.51% of the stock is currently owned by institutional investors.
DNP Select Income Fund Stock Performance
Shares of DNP traded down $0.01 during mid-day trading on Friday, hitting $9.79. 527,125 shares of the company traded hands, compared to its average volume of 675,017. The business has a 50 day moving average of $9.57 and a 200 day moving average of $9.42. 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 declared a dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.065 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a yield of 8%.
About DNP Select Income Fund
(
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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