Benjamin F. Edwards & Company Inc. Raises Position in DNP Select Income Fund Inc. (NYSE:DNP)

Benjamin F. Edwards & Company Inc. lifted its stake in DNP Select Income Fund Inc. (NYSE:DNP) by 13.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,647 shares of the investment management company’s stock after buying an additional 1,150 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in DNP Select Income Fund were worth $79,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of DNP. Fortis Group Advisors LLC boosted its position in shares of DNP Select Income Fund by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 3,000 shares of the investment management company’s stock worth $25,000 after buying an additional 1,500 shares during the period. EdgeRock Capital LLC purchased a new stake in shares of DNP Select Income Fund in the second quarter worth about $49,000. Saxon Interests Inc. acquired a new position in shares of DNP Select Income Fund in the second quarter worth about $82,000. GEM Asset Management LLC acquired a new position in shares of DNP Select Income Fund in the second quarter worth about $83,000. Finally, Keeley Teton Advisors LLC acquired a new position in shares of DNP Select Income Fund in the fourth quarter worth about $89,000. Hedge funds and other institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Trading Up 0.2 %

NYSE:DNP opened at $10.00 on Friday. DNP Select Income Fund Inc. has a one year low of $8.02 and a one year high of $10.03. The business’s 50-day simple moving average is $9.33 and its 200 day simple moving average is $8.90.

DNP Select Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, January 10th. Investors of record on Tuesday, December 31st will be paid a $0.065 dividend. This represents a $0.78 annualized dividend and a dividend yield of 7.80%. The ex-dividend date is Tuesday, December 31st.

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.