Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its position in shares of DNP Select Income Fund Inc. (NYSE:DNP - Free Report) by 353.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,027,018 shares of the investment management company's stock after buying an additional 800,351 shares during the period. DNP Select Income Fund accounts for approximately 1.7% of Bay Colony Advisory Group Inc d b a Bay Colony Advisors' portfolio, making the stock its 11th biggest holding. Bay Colony Advisory Group Inc d b a Bay Colony Advisors owned about 0.29% of DNP Select Income Fund worth $8,709,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in DNP. Sowell Financial Services LLC acquired a new position in shares of DNP Select Income Fund in the fourth quarter valued at approximately $964,000. B. Riley Wealth Advisors Inc. purchased a new stake in DNP Select Income Fund during the third quarter worth $108,000. ST Germain D J Co. Inc. purchased a new stake in shares of DNP Select Income Fund in the second quarter valued at $99,000. Advisor Resource Council purchased a new stake in shares of DNP Select Income Fund in the fourth quarter valued at $352,000. Finally, N.E.W. Advisory Services LLC lifted its position in shares of DNP Select Income Fund by 1,893.4% in the third quarter. N.E.W. Advisory Services LLC now owns 423,309 shares of the investment management company's stock valued at $4,030,000 after acquiring an additional 402,073 shares in the last quarter. Institutional investors and hedge funds own 8.51% of the company's stock.
DNP Select Income Fund Stock Performance
NYSE DNP traded down $0.09 during trading hours on Friday, hitting $8.86. 411,999 shares of the company's stock were exchanged, compared to its average volume of 525,711. The business's 50 day moving average is $8.89 and its 200-day moving average is $8.94. DNP Select Income Fund Inc. has a 12-month low of $8.09 and a 12-month high of $11.18.
DNP Select Income Fund Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Friday, May 10th. Shareholders of record on Tuesday, April 30th will be paid a dividend of $0.065 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.78 annualized dividend and a yield of 8.80%.
DNP Select Income Fund Company Profile
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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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