LPL Financial LLC raised its position in DNP Select Income Fund Inc. (NYSE:DNP - Free Report) by 4.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,298,467 shares of the investment management company's stock after buying an additional 96,233 shares during the period. LPL Financial LLC owned about 0.62% of DNP Select Income Fund worth $22,732,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. HB Wealth Management LLC raised its stake in shares of DNP Select Income Fund by 10.7% during the 1st quarter. HB Wealth Management LLC now owns 60,212 shares of the investment management company's stock worth $595,000 after buying an additional 5,824 shares during the period. Cetera Investment Advisers increased its holdings in DNP Select Income Fund by 9.0% in the 1st quarter. Cetera Investment Advisers now owns 1,377,023 shares of the investment management company's stock worth $13,619,000 after acquiring an additional 114,135 shares in the last quarter. Lifeworks Advisors LLC raised its position in DNP Select Income Fund by 10.1% during the first quarter. Lifeworks Advisors LLC now owns 16,534 shares of the investment management company's stock worth $164,000 after acquiring an additional 1,515 shares during the period. Kovack Advisors Inc. raised its position in DNP Select Income Fund by 4.1% during the first quarter. Kovack Advisors Inc. now owns 52,405 shares of the investment management company's stock worth $518,000 after acquiring an additional 2,076 shares during the period. Finally, Choreo LLC purchased a new position in DNP Select Income Fund during the first quarter valued at $197,000. Institutional investors and hedge funds own 8.51% of the company's stock.
DNP Select Income Fund Stock Down 0.3%
Shares of NYSE DNP traded down $0.03 during trading on Friday, hitting $9.81. The company had a trading volume of 298,628 shares, compared to its average volume of 619,410. The stock has a fifty day simple moving average of $9.75 and a two-hundred day simple moving average of $9.59. DNP Select Income Fund Inc. has a fifty-two week low of $8.69 and a fifty-two week high of $10.04.
DNP Select Income Fund Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Friday, October 10th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.065 per share. This represents a c) annualized dividend and a yield of 8.0%. The ex-dividend date is Tuesday, September 30th.
DNP Select Income Fund Company 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.
Further Reading
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.
MarketBeat All Access