DNP Select Income Fund Inc. (NYSE:DNP) Stock Holdings Lessened by HighTower Advisors LLC

HighTower Advisors LLC lessened its position in DNP Select Income Fund Inc. (NYSE:DNP) by 3.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,096 shares of the investment management company’s stock after selling 1,421 shares during the period. HighTower Advisors LLC’s holdings in DNP Select Income Fund were worth $402,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of DNP Select Income Fund in the 3rd quarter worth $44,000. Future Financial Wealth Managment LLC purchased a new stake in DNP Select Income Fund in the 3rd quarter worth approximately $50,000. Larson Financial Group LLC acquired a new stake in DNP Select Income Fund during the third quarter valued at $54,000. Benjamin F. Edwards & Company Inc. grew its stake in shares of DNP Select Income Fund by 13.5% in the 2nd 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. Finally, GEM Asset Management LLC bought a new stake in DNP Select Income Fund in the second quarter worth approximately $83,000. 8.51% of the stock is currently owned by institutional investors and hedge funds.

DNP Select Income Fund Price Performance

DNP Select Income Fund stock opened at $9.01 on Friday. The company’s fifty day moving average price is $9.43 and its two-hundred day moving average price is $9.16. DNP Select Income Fund Inc. has a one year low of $8.02 and a one year high of $10.04.

DNP Select Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be given a $0.065 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 8.66%. The ex-dividend date of this dividend is Monday, March 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.