Foundations Investment Advisors LLC grew its stake in DNP Select Income Fund Inc. (NYSE:DNP - Free Report) by 205.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 284,936 shares of the investment management company's stock after acquiring an additional 191,663 shares during the quarter. Foundations Investment Advisors LLC owned about 0.08% of DNP Select Income Fund worth $2,582,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in DNP. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in shares of DNP Select Income Fund by 353.1% during the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,027,018 shares of the investment management company's stock worth $8,709,000 after purchasing an additional 800,351 shares during the last quarter. Sowell Financial Services LLC purchased a new position in shares of DNP Select Income Fund during the 4th quarter worth about $964,000. Wolverine Asset Management LLC acquired a new stake in shares of DNP Select Income Fund in the fourth quarter worth approximately $1,401,000. B. Riley Wealth Advisors Inc. purchased a new stake in DNP Select Income Fund in the third quarter valued at approximately $108,000. Finally, Fisher Asset Management LLC raised its stake in DNP Select Income Fund by 40.2% during the fourth quarter. Fisher Asset Management LLC now owns 14,616 shares of the investment management company's stock worth $124,000 after purchasing an additional 4,189 shares during the period. Institutional investors and hedge funds own 8.51% of the company's stock.
DNP Select Income Fund Trading Down 1.1 %
Shares of DNP stock traded down $0.10 on Thursday, reaching $8.76. 559,366 shares of the stock were exchanged, compared to its average volume of 649,249. DNP Select Income Fund Inc. has a 1-year low of $8.09 and a 1-year high of $10.57. The firm has a 50 day moving average of $8.90 and a two-hundred day moving average of $8.85.
DNP Select Income Fund Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 31st will be paid a $0.065 dividend. This represents a $0.78 annualized dividend and a dividend yield of 8.90%. The ex-dividend date is Friday, May 31st.
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.
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