Calton & Associates Inc. Invests $328,000 in DNP Select Income Fund Inc. (NYSE:DNP)

Calton & Associates Inc. acquired a new position in shares of DNP Select Income Fund Inc. (NYSE:DNP) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 32,630 shares of the investment management company’s stock, valued at approximately $328,000.

Several other large investors also recently modified their holdings of the company. Hartline Investment Corp acquired a new stake in DNP Select Income Fund in the first quarter worth $10,604,000. Cetera Investment Advisers grew its holdings in DNP Select Income Fund by 571.5% in the first quarter. Cetera Investment Advisers now owns 1,228,662 shares of the investment management company’s stock worth $11,144,000 after purchasing an additional 1,045,691 shares during the period. Wolverine Asset Management LLC grew its holdings in 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 during the period. Foguth Wealth Management LLC. acquired a new stake in DNP Select Income Fund in the first quarter worth $1,005,000. Finally, U.S. Capital Wealth Advisors LLC acquired a new stake in DNP Select Income Fund in the second quarter worth $678,000. 8.51% of the stock is currently owned by institutional investors and hedge funds.

DNP Select Income Fund Trading Up 0.2 %

Shares of NYSE DNP opened at $9.69 on Wednesday. The company has a 50-day moving average price of $9.61 and a 200-day moving average price of $8.99. 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 Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be issued a dividend of $0.065 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 8.05%. The ex-dividend date of this dividend is Thursday, October 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.