DNP Select Income Fund Inc. (NYSE:DNP) Shares Bought by Stratos Wealth Advisors LLC

Stratos Wealth Advisors LLC grew its position in DNP Select Income Fund Inc. (NYSE:DNP) by 0.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 240,976 shares of the investment management company’s stock after acquiring an additional 1,749 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in DNP Select Income Fund were worth $2,125,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in DNP Select Income Fund by 4.1% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,292,204 shares of the investment management company’s stock worth $12,974,000 after purchasing an additional 50,425 shares during the period. Apollon Wealth Management LLC boosted its stake in shares of DNP Select Income Fund by 2.9% during the third quarter. Apollon Wealth Management LLC now owns 853,015 shares of the investment management company’s stock worth $8,564,000 after buying an additional 23,781 shares during the period. J.W. Cole Advisors Inc. boosted its stake in shares of DNP Select Income Fund by 43.4% during the third quarter. J.W. Cole Advisors Inc. now owns 621,270 shares of the investment management company’s stock worth $6,238,000 after buying an additional 187,939 shares during the period. Raymond James & Associates grew its holdings in shares of DNP Select Income Fund by 4.9% during the third quarter. Raymond James & Associates now owns 565,350 shares of the investment management company’s stock worth $5,676,000 after buying an additional 26,351 shares during the last quarter. Finally, IHT Wealth Management LLC increased its position in DNP Select Income Fund by 257.6% in the 3rd quarter. IHT Wealth Management LLC now owns 425,789 shares of the investment management company’s stock valued at $4,275,000 after acquiring an additional 306,712 shares during the period. 8.51% of the stock is currently owned by hedge funds and other institutional investors.

DNP Select Income Fund Stock Up 0.6 %

DNP Select Income Fund stock opened at $9.39 on Thursday. The stock has a 50 day moving average of $9.23 and a two-hundred day moving average of $9.36. 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 Dividend Announcement

The business also recently declared a dividend, which will be paid on Monday, February 10th. Investors of record on Monday, February 3rd will be issued a dividend of $0.065 per share. This represents a dividend yield of 8.24%. The ex-dividend date is Friday, January 31st.

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.