DNP Select Income Fund Inc. (NYSE:DNP) Shares Purchased by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. grew its stake in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 6.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 396,842 shares of the investment management company’s stock after acquiring an additional 22,533 shares during the period. J.W. Cole Advisors Inc.’s holdings in DNP Select Income Fund were worth $3,365,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in DNP Select Income Fund during the 1st quarter valued at $49,000. Bessemer Group Inc. acquired a new stake in DNP Select Income Fund during the 4th quarter worth about $63,000. NBC Securities Inc. purchased a new position in DNP Select Income Fund during the 3rd quarter valued at about $65,000. Tennessee Valley Asset Management Partners acquired a new stake in shares of DNP Select Income Fund during the fourth quarter worth approximately $65,000. Finally, Worth Asset Management LLC purchased a new position in DNP Select Income Fund during the first quarter valued at approximately $94,000. 8.51% of the stock is currently owned by institutional investors and hedge funds.

DNP Select Income Fund Stock Up 0.3 %

DNP stock traded up $0.03 during midday trading on Friday, reaching $8.80. The company had a trading volume of 347,227 shares, compared to its average volume of 527,574. DNP Select Income Fund Inc. has a 1 year low of $8.09 and a 1 year high of $11.18. The company has a 50 day moving average of $8.89 and a two-hundred day moving average of $8.93.

DNP Select Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, May 10th. Investors of record on Tuesday, April 30th will be issued a $0.065 dividend. The ex-dividend date is Monday, April 29th. This represents a $0.78 annualized dividend and a yield of 8.86%.

About DNP Select Income Fund

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.