J.W. Cole Advisors Inc. Has $1.89 Million Stock Holdings in DNP Select Income Fund Inc. (NYSE:DNP)

J.W. Cole Advisors Inc. reduced its stake in DNP Select Income Fund Inc. (NYSE:DNP - Free Report) by 75.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 191,133 shares of the investment management company's stock after selling 575,586 shares during the period. J.W. Cole Advisors Inc. owned approximately 0.05% of DNP Select Income Fund worth $1,890,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of DNP. Wells Fargo & Company MN grew its stake 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 valued at $13,925,000 after purchasing an additional 1,434,708 shares during the period. Raymond James Financial Inc. bought a new stake in DNP Select Income Fund during the 4th quarter worth approximately $7,738,000. Royal Bank of Canada grew its position in DNP Select Income Fund by 10.2% during 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 acquiring an additional 196,531 shares during the last quarter. Cohen & Steers Inc. grew its position in DNP Select Income Fund by 104.4% during the 4th quarter. Cohen & Steers Inc. now owns 360,387 shares of the investment management company's stock worth $3,179,000 after acquiring an additional 184,064 shares during the last quarter. Finally, Baird Financial Group Inc. grew its position in DNP Select Income Fund by 7.9% during the 4th quarter. Baird Financial Group Inc. now owns 1,571,899 shares of the investment management company's stock worth $13,864,000 after acquiring an additional 115,109 shares during the last quarter. 8.51% of the stock is currently owned by institutional investors.

DNP Select Income Fund Stock Up 0.3%

NYSE DNP traded up $0.03 during trading hours on Friday, reaching $9.84. 347,367 shares of the company's stock were exchanged, compared to its average volume of 513,799. DNP Select Income Fund Inc. has a one year low of $8.69 and a one year high of $10.04. The firm has a fifty day moving average of $9.74 and a 200-day moving average of $9.56.

DNP Select Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, October 10th. Investors of record on Tuesday, September 30th will be given a dividend of $0.065 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.78 dividend on an annualized basis and a yield of 7.93%.

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.