J.W. Cole Advisors Inc. Has $6.24 Million Holdings in DNP Select Income Fund Inc. (NYSE:DNP)

J.W. Cole Advisors Inc. boosted its stake in shares of DNP Select Income Fund Inc. (NYSE:DNP - Free Report) by 43.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 621,270 shares of the investment management company's stock after purchasing an additional 187,939 shares during the quarter. J.W. Cole Advisors Inc. owned about 0.18% of DNP Select Income Fund worth $6,238,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Brookstone Capital Management grew its position in shares of DNP Select Income Fund by 30.5% in the first quarter. Brookstone Capital Management now owns 47,952 shares of the investment management company's stock valued at $435,000 after purchasing an additional 11,206 shares during the last quarter. Wealthcare Advisory Partners LLC increased its position in DNP Select Income Fund by 10.9% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 41,183 shares of the investment management company's stock worth $374,000 after buying an additional 4,059 shares during the period. Horizon Wealth Management LLC acquired a new stake in shares of DNP Select Income Fund during the first quarter worth $104,000. Kovack Advisors Inc. boosted its position in shares of DNP Select Income Fund by 4.3% in the first quarter. Kovack Advisors Inc. now owns 52,871 shares of the investment management company's stock valued at $480,000 after acquiring an additional 2,177 shares during the period. Finally, Hartline Investment Corp acquired a new position in shares of DNP Select Income Fund in the first quarter valued at about $10,604,000. 8.51% of the stock is currently owned by institutional investors and hedge funds.

DNP Select Income Fund Price Performance

NYSE:DNP traded down $0.09 during mid-day trading on Friday, reaching $9.64. 364,105 shares of the company's stock were exchanged, compared to its average volume of 663,689. DNP Select Income Fund Inc. has a one year low of $8.02 and a one year high of $10.04. The business's fifty day simple moving average is $9.66 and its two-hundred day simple moving average is $9.00.

DNP Select Income Fund Dividend Announcement

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 given a $0.065 dividend. The ex-dividend date is Thursday, October 31st. This represents a $0.78 dividend on an annualized basis and a dividend yield of 8.09%.

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.