Strategic Wealth Advisors Group LLC Buys New Shares in DNP Select Income Fund Inc. (NYSE:DNP)

Strategic Wealth Advisors Group LLC bought a new stake in DNP Select Income Fund Inc. (NYSE:DNP) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 22,142 shares of the investment management company’s stock, valued at approximately $285,000.

A number of other large investors also recently added to or reduced their stakes in the stock. Eaton Vance Management acquired a new position in shares of DNP Select Income Fund during the 2nd quarter worth approximately $8,201,000. Sound View Wealth Advisors Group LLC bought a new stake in DNP Select Income Fund during the second quarter worth $2,568,000. Morgan Stanley raised its position in DNP Select Income Fund by 12.0% during the second quarter. Morgan Stanley now owns 1,742,753 shares of the investment management company’s stock worth $20,600,000 after acquiring an additional 186,042 shares in the last quarter. Commonwealth Equity Services LLC raised its position in DNP Select Income Fund by 16.9% during the second quarter. Commonwealth Equity Services LLC now owns 810,563 shares of the investment management company’s stock worth $9,580,000 after acquiring an additional 117,460 shares in the last quarter. Finally, Wedbush Securities Inc. raised its position in DNP Select Income Fund by 148.7% during the third quarter. Wedbush Securities Inc. now owns 147,140 shares of the investment management company’s stock worth $1,892,000 after acquiring an additional 87,977 shares in the last quarter. Hedge funds and other institutional investors own 4.74% of the company’s stock.

Shares of DNP traded up $0.12 during trading hours on Friday, hitting $12.36. The company had a trading volume of 297,983 shares, compared to its average volume of 358,890. The business has a fifty day moving average of $12.79 and a 200-day moving average of $12.20. DNP Select Income Fund Inc. has a 12 month low of $10.00 and a 12 month high of $12.99.

The business also recently disclosed a — dividend, which will be paid on Friday, January 10th. Stockholders of record on Tuesday, December 31st will be given a $0.065 dividend. This represents a dividend yield of 6%. The ex-dividend date of this dividend is Monday, December 30th.

About DNP Select Income Fund

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.

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Institutional Ownership by Quarter for DNP Select Income Fund (NYSE:DNP)

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