Creative Planning lifted its holdings in shares of DNP Select Income Fund Inc. (NYSE:DNP - Free Report) by 93.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 148,984 shares of the investment management company's stock after purchasing an additional 72,100 shares during the period. Creative Planning's holdings in DNP Select Income Fund were worth $1,496,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cetera Investment Advisers raised its stake in DNP Select Income Fund by 571.5% in the 1st quarter. Cetera Investment Advisers now owns 1,228,662 shares of the investment management company's stock valued at $11,144,000 after acquiring an additional 1,045,691 shares during the period. Janney Montgomery Scott LLC raised its stake in DNP Select Income Fund by 11.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 489,877 shares of the investment management company's stock valued at $4,443,000 after acquiring an additional 49,111 shares during the period. Sanctuary Advisors LLC bought a new stake in DNP Select Income Fund in the 2nd quarter valued at about $557,000. CWM LLC raised its stake in DNP Select Income Fund by 20.5% in the 3rd quarter. CWM LLC now owns 27,761 shares of the investment management company's stock valued at $279,000 after acquiring an additional 4,714 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in DNP Select Income Fund by 34.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 93,896 shares of the investment management company's stock valued at $772,000 after buying an additional 24,286 shares in the last quarter. 8.51% of the stock is currently owned by institutional investors.
DNP Select Income Fund Stock Down 0.4 %
DNP stock traded down $0.04 during mid-day trading on Wednesday, reaching $9.57. 437,975 shares of the company traded hands, compared to its average volume of 660,844. DNP Select Income Fund Inc. has a 52-week low of $8.02 and a 52-week high of $10.04. The company has a fifty day moving average price of $9.68 and a 200-day moving average price of $9.01.
DNP Select Income Fund Dividend Announcement
The business also recently announced a dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Friday, November 1st will be issued a dividend of $0.065 per share. This represents a yield of 8.15%. The ex-dividend date is Thursday, October 31st.
DNP Select Income Fund 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.
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