PFG Investments LLC Increases Stock Position in DNP Select Income Fund Inc. (NYSE:DNP)

PFG Investments LLC raised its stake in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 3.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 46,534 shares of the investment management company’s stock after purchasing an additional 1,716 shares during the period. PFG Investments LLC’s holdings in DNP Select Income Fund were worth $383,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. N.E.W. Advisory Services LLC grew its holdings in shares of DNP Select Income Fund by 6.0% in the second quarter. N.E.W. Advisory Services LLC now owns 473,109 shares of the investment management company’s stock valued at $3,889,000 after purchasing an additional 26,876 shares in the last quarter. Wolverine Asset Management LLC grew its stake in shares of DNP Select Income Fund by 5,329.4% in the 2nd quarter. Wolverine Asset Management LLC now owns 231,293 shares of the investment management company’s stock worth $1,901,000 after buying an additional 227,033 shares in the last quarter. United Asset Strategies Inc. bought a new stake in shares of DNP Select Income Fund in the 2nd quarter worth about $159,000. LCM Capital Management Inc purchased a new stake in shares of DNP Select Income Fund during the 2nd quarter valued at about $175,000. Finally, Essex Financial Services Inc. bought a new position in shares of DNP Select Income Fund in the 2nd quarter valued at about $104,000. Hedge funds and other institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Price Performance

Shares of NYSE DNP opened at $9.67 on Friday. DNP Select Income Fund Inc. has a 1-year low of $8.02 and a 1-year high of $10.09. The business’s 50 day moving average is $9.02 and its two-hundred day moving average is $8.83.

DNP Select Income Fund Dividend Announcement

The business also recently announced a dividend, which was paid on Monday, August 12th. Stockholders of record on Thursday, August 1st were given a dividend of $0.065 per share. This represents a dividend yield of 8.7%. The ex-dividend date was Wednesday, July 31st.

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.