DNP Select Income Fund Inc. (NYSE:DNP) Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC lifted its stake in DNP Select Income Fund Inc. (NYSE:DNP) by 3.6% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 65,124 shares of the investment management company’s stock after purchasing an additional 2,239 shares during the quarter. HighTower Advisors LLC’s holdings in DNP Select Income Fund were worth $678,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of DNP. Karpus Management Inc. acquired a new position in shares of DNP Select Income Fund in the 1st quarter worth approximately $72,792,000. 1607 Capital Partners LLC acquired a new position in shares of DNP Select Income Fund in the 1st quarter worth approximately $7,125,000. Landscape Capital Management L.L.C. acquired a new position in shares of DNP Select Income Fund in the 1st quarter worth approximately $5,993,000. Royal Bank of Canada lifted its holdings in shares of DNP Select Income Fund by 28.2% in the 1st quarter. Royal Bank of Canada now owns 1,459,024 shares of the investment management company’s stock worth $14,414,000 after acquiring an additional 320,642 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its holdings in shares of DNP Select Income Fund by 217.7% in the 1st quarter. D.A. Davidson & CO. now owns 270,978 shares of the investment management company’s stock worth $2,677,000 after acquiring an additional 185,688 shares during the last quarter. Hedge funds and other institutional investors own 6.86% of the company’s stock.

Shares of DNP opened at $10.81 on Wednesday. DNP Select Income Fund Inc. has a fifty-two week low of $9.72 and a fifty-two week high of $10.94. The firm’s 50 day moving average price is $10.73 and its 200 day moving average price is $10.43.

DNP Select Income Fund Profile

DNP Select Income Fund, Inc is a closed-end investment fund. Its investment objectives are current income, long-term growth of income and capital appreciation by investing primarily in a portfolio of equity and fixed income securities of companies in the public utilities industry. DNP Select Income Fund was founded on January 21, 1986 and is headquartered in Chicago, IL.

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Institutional Ownership by Quarter for DNP Select Income Fund (NYSE:DNP)

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