Raymond James & Associates Boosts Stake in DNP Select Income Fund Inc. (NYSE:DNP)

Raymond James & Associates boosted its stake in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 4.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 565,350 shares of the investment management company’s stock after buying an additional 26,351 shares during the quarter. Raymond James & Associates’ holdings in DNP Select Income Fund were worth $5,676,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in DNP Select Income Fund in the 3rd quarter worth approximately $44,000. EdgeRock Capital LLC acquired a new stake in DNP Select Income Fund during the second quarter worth about $49,000. Future Financial Wealth Managment LLC purchased a new position in DNP Select Income Fund in the third quarter valued at approximately $50,000. Benjamin F. Edwards & Company Inc. raised 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 acquiring an additional 1,150 shares during the period. Finally, Saxon Interests Inc. purchased a new position in DNP Select Income Fund in the second quarter valued at about $82,000. Institutional investors and hedge funds own 8.51% of the company’s stock.

DNP Select Income Fund Stock Up 0.4 %

Shares of NYSE DNP opened at $9.54 on Friday. The stock’s 50-day simple moving average is $9.68 and its 200-day simple moving average is $9.01. 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 business also recently disclosed a dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Friday, November 1st will be given a dividend of $0.065 per share. The ex-dividend date is Thursday, October 31st. This represents a dividend yield of 8.15%.

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.