First Heartland Consultants Inc. Has $2.79 Million Holdings in DNP Select Income Fund Inc. (NYSE:DNP)

First Heartland Consultants Inc. boosted its holdings in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 0.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 277,516 shares of the investment management company’s stock after purchasing an additional 1,363 shares during the period. First Heartland Consultants Inc.’s holdings in DNP Select Income Fund were worth $2,789,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DNP. Apollon Wealth Management LLC grew its stake in DNP Select Income Fund by 2.9% in the third quarter. Apollon Wealth Management LLC now owns 853,015 shares of the investment management company’s stock valued at $8,564,000 after acquiring an additional 23,781 shares during the period. Nations Financial Group Inc. IA ADV acquired a new stake in DNP Select Income Fund during the 3rd quarter valued at $127,000. CWA Asset Management Group LLC acquired a new stake in DNP Select Income Fund during the third quarter worth approximately $109,000. Gladstone Institutional Advisory LLC increased its position in DNP Select Income Fund by 7.4% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 58,671 shares of the investment management company’s stock worth $589,000 after buying an additional 4,067 shares during the period. Finally, US Bancorp DE boosted its stake in shares of DNP Select Income Fund by 5.1% in the third quarter. US Bancorp DE now owns 77,855 shares of the investment management company’s stock valued at $782,000 after buying an additional 3,809 shares during the period. Institutional investors and hedge funds own 8.51% of the company’s stock.

DNP Select Income Fund Price Performance

NYSE:DNP traded down $0.01 on Tuesday, hitting $9.42. The company had a trading volume of 294,642 shares, compared to its average volume of 657,311. The firm has a 50 day moving average of $9.66 and a two-hundred day moving average of $9.05. DNP Select Income Fund Inc. has a 52 week low of $8.02 and a 52 week high of $10.04.

DNP Select Income Fund Announces Dividend

The company also recently declared a dividend, which will be paid on Tuesday, November 12th. Investors of record on Friday, November 1st will be paid 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 Company 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.