Kingsview Wealth Management LLC Acquires New Shares in DNP Select Income Fund Inc. $DNP

Kingsview Wealth Management LLC bought a new stake in shares of DNP Select Income Fund Inc. (NYSE:DNP) during the second quarter, Holdings Channel.com reports. The fund bought 278,300 shares of the investment management company’s stock, valued at approximately $3,003,000.

A number of other large investors have also recently made changes to their positions in the stock. Royal Bank of Canada increased its position in shares of DNP Select Income Fund by 4.2% during the first quarter. Royal Bank of Canada now owns 3,229,721 shares of the investment management company’s stock valued at $33,266,000 after buying an additional 131,646 shares during the period. LPL Financial LLC increased its holdings in DNP Select Income Fund by 16.3% during the 4th quarter. LPL Financial LLC now owns 3,060,999 shares of the investment management company’s stock worth $30,579,000 after acquiring an additional 430,094 shares during the period. Cetera Investment Advisers increased its holdings in DNP Select Income Fund by 1.3% during the 1st quarter. Cetera Investment Advisers now owns 1,530,527 shares of the investment management company’s stock worth $15,764,000 after acquiring an additional 19,122 shares during the period. Commonwealth Equity Services LLC lifted its stake in DNP Select Income Fund by 3.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 1,497,243 shares of the investment management company’s stock worth $14,957,000 after purchasing an additional 47,974 shares in the last quarter. Finally, J.W. Cole Advisors Inc. lifted its stake in DNP Select Income Fund by 1.3% in the 4th quarter. J.W. Cole Advisors Inc. now owns 1,129,972 shares of the investment management company’s stock worth $11,288,000 after purchasing an additional 14,173 shares in the last quarter. 8.51% of the stock is owned by institutional investors.

DNP Select Income Fund Stock Up 0.2%

DNP Select Income Fund stock opened at $10.94 on Friday. DNP Select Income Fund Inc. has a fifty-two week low of $9.69 and a fifty-two week high of $11.16. The firm’s fifty day moving average price is $10.92 and its 200-day moving average price is $10.66.

DNP Select Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 13th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.065 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date is Wednesday, September 30th.

DNP Select Income Fund Company Profile

DNP Select Income Fund is a closed‐end management investment company listed on the New York Stock Exchange under the symbol DNP. The fund’s primary objective is to provide high current income and, as a secondary objective, capital appreciation by investing in income‐producing securities.

To pursue its objectives, DNP Select Income Fund allocates the majority of its assets to equity and equity‐related securities of energy infrastructure companies, with a particular focus on master limited partnerships (MLPs) in the midstream sector.