N.E.W. Advisory Services LLC Has $3.89 Million Stake in DNP Select Income Fund Inc. (NYSE:DNP)

Posted by Steven Smith on Sep 6th, 2024

N.E.W. Advisory Services LLC grew its position in DNP Select Income Fund Inc. (NYSE:DNP – Free Report) by 6.0% during the second quarter, HoldingsChannel.com reports. The firm owned 473,109 shares of the investment management company’s stock after buying an additional 26,876 shares during the quarter. N.E.W. Advisory Services LLC’s holdings in DNP Select Income Fund were worth $3,889,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Fortis Group Advisors LLC raised its position in DNP Select Income Fund by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 3,000 shares of the investment management company’s stock valued at $25,000 after buying an additional 1,500 shares during the last quarter. Principal Securities Inc. bought a new position in shares of DNP Select Income Fund in the 4th quarter valued at about $44,000. EdgeRock Capital LLC acquired a new stake in shares of DNP Select Income Fund in the second quarter valued at about $49,000. Saxon Interests Inc. bought a new stake in DNP Select Income Fund during the second quarter worth about $82,000. Finally, Keeley Teton Advisors LLC acquired a new position in DNP Select Income Fund during the fourth quarter valued at approximately $89,000. 8.51% of the stock is owned by institutional investors and hedge funds.

DNP Select Income Fund Price Performance

NYSE DNP opened at $9.60 on Friday. DNP Select Income Fund Inc. has a 12 month low of $8.02 and a 12 month high of $10.12. The stock has a 50 day moving average of $8.88 and a 200-day moving average of $8.80.

DNP Select Income Fund Announces Dividend

The company also recently declared a dividend, which was paid on Monday, August 12th. Shareholders of record on Thursday, August 1st were paid a $0.065 dividend. This represents a yield of 8.7%. The ex-dividend date of this dividend was Wednesday, July 31st.

DNP Select Income Fund Company Profile

(Free Report)

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.