DNP Select Income Fund Inc. (NYSE:DNP) Shares Purchased by Stifel Financial Corp

Stifel Financial Corp raised its position in DNP Select Income Fund Inc. (NYSE:DNP) by 9.4% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 64,144 shares of the investment management company’s stock after purchasing an additional 5,524 shares during the period. Stifel Financial Corp’s holdings in DNP Select Income Fund were worth $644,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in shares of DNP Select Income Fund by 4.1% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,292,204 shares of the investment management company’s stock valued at $12,974,000 after buying an additional 50,425 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in DNP Select Income Fund by 7.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 1,036,658 shares of the investment management company’s stock valued at $8,521,000 after acquiring an additional 74,012 shares in the last quarter. Apollon Wealth Management LLC raised its holdings in DNP Select Income Fund by 2.9% in the 3rd quarter. Apollon Wealth Management LLC now owns 853,015 shares of the investment management company’s stock valued at $8,564,000 after acquiring an additional 23,781 shares during the last quarter. J.W. Cole Advisors Inc. lifted its stake in DNP Select Income Fund by 43.4% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 621,270 shares of the investment management company’s stock worth $6,238,000 after purchasing an additional 187,939 shares in the last quarter. Finally, Raymond James & Associates boosted its holdings in shares of DNP Select Income Fund by 4.9% during the 3rd quarter. Raymond James & Associates now owns 565,350 shares of the investment management company’s stock worth $5,676,000 after purchasing an additional 26,351 shares during the last quarter. Institutional investors and hedge funds own 8.51% of the company’s stock.

DNP Select Income Fund Stock Down 0.1 %

NYSE:DNP opened at $8.97 on Thursday. The stock has a 50 day moving average price of $9.39 and a 200 day moving average price of $9.17. DNP Select Income Fund Inc. has a one year low of $8.02 and a one year high of $10.04.

DNP Select Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.065 per share. The ex-dividend date is Monday, March 31st. This represents a $0.78 annualized dividend and a dividend yield of 8.70%.

DNP Select Income Fund Company Profile

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.