DNP Select Income Fund Inc. (NYSE:DNP) Position Boosted by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. increased its holdings in DNP Select Income Fund Inc. (NYSE:DNP - Free Report) by 23.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 766,719 shares of the investment management company's stock after purchasing an additional 145,449 shares during the period. J.W. Cole Advisors Inc.'s holdings in DNP Select Income Fund were worth $6,762,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. GPS Wealth Strategies Group LLC grew its position in DNP Select Income Fund by 11.4% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 12,000 shares of the investment management company's stock valued at $106,000 after acquiring an additional 1,225 shares during the period. OneDigital Investment Advisors LLC lifted its stake in shares of DNP Select Income Fund by 11.2% during the third quarter. OneDigital Investment Advisors LLC now owns 12,508 shares of the investment management company's stock worth $126,000 after purchasing an additional 1,263 shares in the last quarter. First Heartland Consultants Inc. lifted its stake in shares of DNP Select Income Fund by 0.5% during the third quarter. First Heartland Consultants Inc. now owns 277,516 shares of the investment management company's stock worth $2,789,000 after purchasing an additional 1,363 shares in the last quarter. Stratos Wealth Advisors LLC lifted its stake in shares of DNP Select Income Fund by 0.7% during the fourth quarter. Stratos Wealth Advisors LLC now owns 240,976 shares of the investment management company's stock worth $2,125,000 after purchasing an additional 1,749 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in shares of DNP Select Income Fund by 62.8% during the fourth quarter. Geneos Wealth Management Inc. now owns 6,024 shares of the investment management company's stock worth $53,000 after purchasing an additional 2,324 shares in the last quarter. Hedge funds and other institutional investors own 8.51% of the company's stock.

DNP Select Income Fund Trading Up 0.1 %

Shares of NYSE:DNP traded up $0.01 during trading on Thursday, hitting $9.47. The company's stock had a trading volume of 571,806 shares, compared to its average volume of 673,637. DNP Select Income Fund Inc. has a fifty-two week low of $8.02 and a fifty-two week high of $10.04. The stock's 50-day moving average price is $9.22 and its two-hundred day moving average price is $9.40.

DNP Select Income Fund Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, February 10th. Investors of record on Monday, February 3rd were paid a $0.065 dividend. This represents a dividend yield of 8.24%. The ex-dividend date was Friday, January 31st.

Insider Buying and Selling

In related news, Director Geraldine M. Mcnamara sold 11,391 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $9.41, for a total value of $107,189.31. Following the transaction, the director now owns 5,344 shares in the company, valued at approximately $50,287.04. The trade was a 68.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.06% of the company's stock.

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.