Sanctuary Advisors LLC Boosts Stock Holdings in DNP Select Income Fund Inc. (NYSE:DNP)

Sanctuary Advisors LLC boosted its position in DNP Select Income Fund Inc. (NYSE:DNP) by 4.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 65,892 shares of the investment management company’s stock after buying an additional 2,907 shares during the quarter. Sanctuary Advisors LLC’s holdings in DNP Select Income Fund were worth $623,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. IHT Wealth Management LLC increased its holdings in DNP Select Income Fund by 257.6% in the 3rd quarter. IHT Wealth Management LLC now owns 425,789 shares of the investment management company’s stock worth $4,275,000 after acquiring an additional 306,712 shares during the last quarter. Wolverine Asset Management LLC increased its stake in shares of DNP Select Income Fund by 5,329.4% in the second quarter. Wolverine Asset Management LLC now owns 231,293 shares of the investment management company’s stock worth $1,901,000 after purchasing an additional 227,033 shares in the last quarter. J.W. Cole Advisors Inc. raised its position in shares of DNP Select Income Fund by 43.4% in 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 purchasing an additional 187,939 shares during the period. Barclays PLC purchased a new stake in shares of DNP Select Income Fund during the 3rd quarter valued at approximately $1,205,000. Finally, Thrivent Financial for Lutherans boosted its holdings in DNP Select Income Fund by 350.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 135,695 shares of the investment management company’s stock worth $1,363,000 after buying an additional 105,547 shares during the period. 8.51% of the stock is currently owned by institutional investors.

DNP Select Income Fund Trading Down 0.1 %

DNP Select Income Fund stock opened at $8.97 on Wednesday. The firm has a 50 day simple moving average of $9.41 and a 200 day simple moving average of $9.18. DNP Select Income Fund Inc. has a 1-year low of $8.02 and a 1-year high of $10.04.

DNP Select Income Fund Dividend Announcement

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

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.