Contravisory Investment Management Inc. acquired a new stake in DNP Select Income Fund Inc. (NYSE:DNP - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 90,500 shares of the investment management company's stock, valued at approximately $895,000.
Several other institutional investors have also modified their holdings of the business. U.S. Capital Wealth Advisors LLC raised its holdings in DNP Select Income Fund by 6.0% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 96,993 shares of the investment management company's stock valued at $855,000 after acquiring an additional 5,528 shares in the last quarter. GPS Wealth Strategies Group LLC grew its position in DNP Select Income Fund by 11.4% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 12,000 shares of the investment management company's stock worth $106,000 after purchasing an additional 1,225 shares during the last quarter. Stratos Wealth Advisors LLC raised its stake in DNP Select Income Fund by 0.7% during the 4th quarter. Stratos Wealth Advisors LLC now owns 240,976 shares of the investment management company's stock valued at $2,125,000 after acquiring an additional 1,749 shares during the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of DNP Select Income Fund during the fourth quarter worth $349,000. Finally, Tandem Financial LLC purchased a new position in DNP Select Income Fund during the fourth quarter worth about $34,000. Institutional investors and hedge funds own 8.51% of the company's stock.
DNP Select Income Fund Stock Performance
Shares of DNP traded down $0.02 during trading hours on Thursday, reaching $9.68. The company had a trading volume of 364,366 shares, compared to its average volume of 672,896. The firm has a 50 day simple moving average of $9.56 and a 200-day simple moving average of $9.43. DNP Select Income Fund Inc. has a 12-month low of $8.02 and a 12-month high of $10.04.
DNP Select Income Fund Announces Dividend
The company also recently declared a dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.065 per share. This represents a dividend yield of 8%. The ex-dividend date of this dividend is Friday, May 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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