DNP Select Income Fund Inc. (NYSE:DNP) Stock Holdings Lifted by Harbour Investments Inc.

Key Points

• Harbour Investments Inc. increased its stake in DNP Select Income Fund Inc. by 90.3%, owning a total of 55,047 shares valued at approximately $544,000 after acquiring 26,126 shares in the first quarter.
• The stock of DNP Select Income Fund was trading at $9.79, reflecting a 0.6% decrease, with a 52-week range between $8.69 and $10.04.
• DNP Select Income Fund announced a monthly dividend of $0.065 per share, to be paid on October 10, with an annualized yield of 8.0%.

Harbour Investments Inc. raised its stake in shares of DNP Select Income Fund Inc. (NYSE:DNP - Free Report) by 90.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 55,047 shares of the investment management company's stock after acquiring an additional 26,126 shares during the quarter. Harbour Investments Inc.'s holdings in DNP Select Income Fund were worth $544,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of DNP. Wells Fargo & Company MN lifted its position in shares of DNP Select Income Fund by 995.9% in the 4th quarter. Wells Fargo & Company MN now owns 1,578,766 shares of the investment management company's stock worth $13,925,000 after buying an additional 1,434,708 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of DNP Select Income Fund in the 4th quarter worth about $7,738,000. N.E.W. Advisory Services LLC lifted its position in shares of DNP Select Income Fund by 83.2% in the 1st quarter. N.E.W. Advisory Services LLC now owns 882,284 shares of the investment management company's stock worth $8,726,000 after buying an additional 400,688 shares during the last quarter. Royal Bank of Canada lifted its position in shares of DNP Select Income Fund by 10.2% in the 4th quarter. Royal Bank of Canada now owns 2,122,866 shares of the investment management company's stock worth $18,724,000 after buying an additional 196,531 shares during the last quarter. Finally, Cohen & Steers Inc. lifted its position in DNP Select Income Fund by 104.4% in the 4th quarter. Cohen & Steers Inc. now owns 360,387 shares of the investment management company's stock valued at $3,179,000 after purchasing an additional 184,064 shares during the last quarter. 8.51% of the stock is currently owned by institutional investors.

DNP Select Income Fund Trading Up 0.7%

NYSE:DNP traded up $0.07 during mid-day trading on Thursday, hitting $9.82. The stock had a trading volume of 448,549 shares, compared to its average volume of 621,614. The company has a 50 day simple moving average of $9.75 and a 200-day simple moving average of $9.59. DNP Select Income Fund Inc. has a 52 week low of $8.69 and a 52 week high of $10.04.

DNP Select Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, October 10th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.065 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date is Tuesday, September 30th.

DNP Select Income Fund Profile

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.