RFG Advisory LLC Buys 13,789 Shares of DNP Select Income Fund Inc. (NYSE:DNP)

RFG Advisory LLC grew its stake in DNP Select Income Fund Inc. (NYSE:DNP) by 104.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,984 shares of the investment management company’s stock after acquiring an additional 13,789 shares during the period. RFG Advisory LLC’s holdings in DNP Select Income Fund were worth $238,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. IHT Wealth Management LLC lifted its holdings in DNP Select Income Fund by 257.6% during the 3rd quarter. IHT Wealth Management LLC now owns 425,789 shares of the investment management company’s stock worth $4,275,000 after buying an additional 306,712 shares in the last quarter. J.W. Cole Advisors Inc. lifted its stake in shares of DNP Select Income Fund by 43.4% during the third quarter. J.W. Cole Advisors Inc. now owns 621,270 shares of the investment management company’s stock valued at $6,238,000 after acquiring an additional 187,939 shares during the period. Barclays PLC bought a new position in DNP Select Income Fund in the third quarter valued at about $1,205,000. Thrivent Financial for Lutherans increased its position in DNP Select Income Fund by 350.1% in the third quarter. Thrivent Financial for Lutherans now owns 135,695 shares of the investment management company’s stock worth $1,363,000 after purchasing an additional 105,547 shares during the period. Finally, Bard Financial Services Inc. bought a new stake in DNP Select Income Fund during the 4th quarter worth about $763,000. 8.51% of the stock is owned by institutional investors.

DNP Select Income Fund Stock Performance

DNP Select Income Fund stock opened at $9.28 on Wednesday. DNP Select Income Fund Inc. has a 1 year low of $8.02 and a 1 year high of $10.04. The company’s 50-day moving average is $9.24 and its two-hundred day moving average is $9.33.

DNP Select Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 10th. Shareholders of record on Friday, January 31st will be paid a $0.065 dividend. The ex-dividend date is Friday, January 31st. This represents a $0.78 dividend on an annualized basis and a yield of 8.41%.

DNP Select Income Fund 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.