LPL Financial LLC raised its holdings in DNP Select Income Fund Inc. (NYSE:DNP - Free Report) by 4.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,298,467 shares of the investment management company's stock after purchasing an additional 96,233 shares during the quarter. LPL Financial LLC owned 0.62% of DNP Select Income Fund worth $22,732,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of DNP. Wells Fargo & Company MN raised its holdings in shares of DNP Select Income Fund by 995.9% in the fourth quarter. Wells Fargo & Company MN now owns 1,578,766 shares of the investment management company's stock valued at $13,925,000 after buying an additional 1,434,708 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of DNP Select Income Fund during the 4th quarter worth approximately $7,738,000. Royal Bank of Canada lifted its holdings in 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 valued at $18,724,000 after purchasing an additional 196,531 shares in the last quarter. Cohen & Steers Inc. grew its stake 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 worth $3,179,000 after acquiring an additional 184,064 shares during the period. Finally, Baird Financial Group Inc. lifted its position in DNP Select Income Fund by 7.9% during the fourth quarter. Baird Financial Group Inc. now owns 1,571,899 shares of the investment management company's stock worth $13,864,000 after buying an additional 115,109 shares during the period. Institutional investors and hedge funds own 8.51% of the company's stock.
DNP Select Income Fund Stock Performance
Shares of NYSE DNP traded up $0.07 during midday trading on Thursday, hitting $9.82. The stock had a trading volume of 448,549 shares, compared to its average volume of 621,614. DNP Select Income Fund Inc. has a 1-year low of $8.69 and a 1-year high of $10.04. The company has a fifty day moving average price of $9.75 and a 200 day moving average price of $9.59.
DNP Select Income Fund Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Friday, October 10th. Shareholders of record on Tuesday, September 30th will be paid a $0.065 dividend. This represents a c) dividend on an annualized basis and a yield of 7.9%. The ex-dividend date is Tuesday, September 30th.
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.
Recommended Stories
Before you consider DNP Select Income Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and DNP Select Income Fund wasn't on the list.
While DNP Select Income Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Fall 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
