RDA Financial Network Buys 2,470 Shares of DNP Select Income Fund Inc. (NYSE:DNP)

RDA Financial Network boosted its stake in DNP Select Income Fund Inc. (NYSE:DNP) by 2.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 113,638 shares of the investment management company’s stock after buying an additional 2,470 shares during the period. RDA Financial Network’s holdings in DNP Select Income Fund were worth $1,002,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of DNP. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in shares of DNP Select Income Fund by 4.1% in 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 valued at $12,974,000 after purchasing an additional 50,425 shares in the last quarter. Apollon Wealth Management LLC boosted its position 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 buying an additional 23,781 shares in the last quarter. J.W. Cole Advisors Inc. grew its stake in 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 last quarter. Raymond James & Associates increased 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 in the last quarter. Finally, IHT Wealth Management LLC raised its stake in shares of DNP Select Income Fund by 257.6% in the third 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 last quarter. 8.51% of the stock is currently owned by institutional investors.

DNP Select Income Fund Stock Performance

Shares of DNP stock opened at $9.39 on Friday. DNP Select Income Fund Inc. has a 52 week low of $8.02 and a 52 week high of $10.04. The stock’s fifty day moving average is $9.25 and its 200-day moving average is $9.26.

DNP Select Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 31st will be paid a dividend of $0.065 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.78 annualized dividend and a dividend yield of 8.31%.

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.