Cerro Pacific Wealth Advisors LLC Acquires New Holdings in DNP Select Income Fund Inc. (NYSE:DNP)

Cerro Pacific Wealth Advisors LLC bought a new position in DNP Select Income Fund Inc. (NYSE:DNP) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 18,026 shares of the investment management company’s stock, valued at approximately $181,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Foguth Wealth Management LLC. acquired a new stake in shares of DNP Select Income Fund in the first quarter worth $1,005,000. Cetera Investment Advisers lifted its position in DNP Select Income Fund by 571.5% during the 1st quarter. Cetera Investment Advisers now owns 1,228,662 shares of the investment management company’s stock worth $11,144,000 after acquiring an additional 1,045,691 shares during the last quarter. Novak & Powell Financial Services Inc. bought a new stake in DNP Select Income Fund during the fourth quarter valued at about $433,000. Charles Schwab Trust Co acquired a new stake in shares of DNP Select Income Fund in the first quarter valued at about $227,000. Finally, Janney Montgomery Scott LLC increased its stake in shares of DNP Select Income Fund by 11.1% in the first quarter. Janney Montgomery Scott LLC now owns 489,877 shares of the investment management company’s stock worth $4,443,000 after purchasing an additional 49,111 shares during the period. Institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Price Performance

NYSE DNP opened at $9.59 on Friday. The stock has a 50-day simple moving average of $9.49 and a 200 day simple moving average of $8.95. DNP Select Income Fund Inc. has a twelve month low of $8.02 and a twelve month high of $10.04.

DNP Select Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be issued a dividend of $0.065 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.78 dividend on an annualized basis and a dividend yield of 8.14%.

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.