Barclays PLC Takes $1.21 Million Position in DNP Select Income Fund Inc. (NYSE:DNP)

Barclays PLC acquired a new position in DNP Select Income Fund Inc. (NYSE:DNP) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 120,000 shares of the investment management company’s stock, valued at approximately $1,205,000.

A number of other institutional investors have also recently bought and sold shares of DNP. Benjamin F. Edwards & Company Inc. raised its position in shares of DNP Select Income Fund by 13.5% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 9,647 shares of the investment management company’s stock valued at $79,000 after buying an additional 1,150 shares in the last quarter. OneDigital Investment Advisors LLC raised its holdings in DNP Select Income Fund by 11.2% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 12,508 shares of the investment management company’s stock valued at $126,000 after acquiring an additional 1,263 shares in the last quarter. First Heartland Consultants Inc. lifted its position in shares of DNP Select Income Fund by 0.5% during the 3rd quarter. First Heartland Consultants Inc. now owns 277,516 shares of the investment management company’s stock valued at $2,789,000 after acquiring an additional 1,363 shares during the period. PFG Investments LLC grew its holdings in shares of DNP Select Income Fund by 3.8% during the 2nd quarter. PFG Investments LLC now owns 46,534 shares of the investment management company’s stock worth $383,000 after purchasing an additional 1,716 shares in the last quarter. Finally, MAS Advisors LLC increased its position in shares of DNP Select Income Fund by 2.6% in the second quarter. MAS Advisors LLC now owns 99,926 shares of the investment management company’s stock worth $821,000 after purchasing an additional 2,576 shares during the period. Institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Stock Up 0.2 %

DNP stock opened at $9.00 on Monday. DNP Select Income Fund Inc. has a 52 week low of $8.02 and a 52 week high of $10.04. The business has a 50-day simple moving average of $9.36 and a 200 day simple moving average of $9.18.

DNP Select Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 31st will be given a dividend of $0.065 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.78 annualized dividend and a dividend yield of 8.67%.

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.