DNP Select Income Fund (NYSE:DNP) Sees Unusually-High Trading Volume

Shares of DNP Select Income Fund Inc. (NYSE:DNP) saw an uptick in trading volume on Monday . 298,454 shares traded hands during mid-day trading, a decline of 56% from the previous session’s volume of 676,288 shares.The stock last traded at $8.09 and had previously closed at $8.15.

DNP Select Income Fund Stock Up 0.2 %

The firm’s 50-day moving average is $8.69 and its two-hundred day moving average is $8.76.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Cetera Advisors LLC grew its holdings in DNP Select Income Fund by 7.3% during the 1st quarter. Cetera Advisors LLC now owns 518,936 shares of the investment management company’s stock worth $4,707,000 after acquiring an additional 35,319 shares during the period. Cetera Investment Advisers grew its holdings in DNP Select Income Fund by 571.5% during the 1st quarter. Cetera Investment Advisers now owns 1,228,662 shares of the investment management company’s stock worth $11,144,000 after acquiring an additional 1,045,691 shares during the period. Comerica Bank grew its holdings in DNP Select Income Fund by 3.7% during the 1st quarter. Comerica Bank now owns 36,781 shares of the investment management company’s stock worth $334,000 after acquiring an additional 1,311 shares during the period. B. Riley Wealth Advisors Inc. acquired a new stake in DNP Select Income Fund during the 1st quarter worth $108,000. Finally, CreativeOne Wealth LLC acquired a new stake in DNP Select Income Fund during the 1st quarter worth $156,000. Institutional investors own 8.51% of the company’s stock.

About DNP Select Income Fund

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.