Kingsview Wealth Management LLC bought a new stake in DNP Select Income Fund Inc. (NYSE:DNP - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 112,707 shares of the investment management company's stock, valued at approximately $1,115,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Citadel Advisors LLC raised its position in DNP Select Income Fund by 387.6% in the 4th quarter. Citadel Advisors LLC now owns 102,431 shares of the investment management company's stock valued at $903,000 after purchasing an additional 81,424 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of DNP Select Income Fund by 12.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 68,409 shares of the investment management company's stock worth $677,000 after buying an additional 7,698 shares during the period. Bank of America Corp DE raised its holdings in DNP Select Income Fund by 7.7% in the fourth quarter. Bank of America Corp DE now owns 934,015 shares of the investment management company's stock valued at $8,238,000 after acquiring an additional 66,548 shares in the last quarter. Private Trust Co. NA purchased a new position in DNP Select Income Fund in the first quarter worth approximately $35,000. Finally, Sequoia Financial Advisors LLC acquired a new position in DNP Select Income Fund during the 1st quarter worth approximately $137,000. 8.51% of the stock is currently owned by hedge funds and other institutional investors.
DNP Select Income Fund Trading Up 0.4%
Shares of NYSE:DNP traded up $0.04 during trading hours on Thursday, reaching $9.84. The stock had a trading volume of 472,728 shares, compared to its average volume of 516,305. DNP Select Income Fund Inc. has a 1 year low of $8.69 and a 1 year high of $10.04. The firm's 50 day moving average is $9.74 and its 200-day moving average is $9.55.
DNP Select Income Fund Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Friday, October 10th. Investors of record on Tuesday, September 30th will be issued a $0.065 dividend. This represents a $0.78 annualized dividend and a yield of 7.93%. The ex-dividend date is Tuesday, September 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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