PFG Investments LLC Has $487,000 Position in DNP Select Income Fund Inc. (NYSE:DNP)

PFG Investments LLC lifted its position in DNP Select Income Fund Inc. (NYSE:DNP) by 5.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,215 shares of the investment management company’s stock after acquiring an additional 2,730 shares during the period. PFG Investments LLC’s holdings in DNP Select Income Fund were worth $487,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC bought a new position in shares of DNP Select Income Fund during the third quarter worth $1,205,000. Bard Financial Services Inc. acquired a new position in DNP Select Income Fund in the fourth quarter valued at about $763,000. Avior Wealth Management LLC bought a new stake in shares of DNP Select Income Fund in the third quarter worth about $567,000. Thrivent Financial for Lutherans raised its position in shares of DNP Select Income Fund by 350.1% during the third quarter. Thrivent Financial for Lutherans now owns 135,695 shares of the investment management company’s stock worth $1,363,000 after purchasing an additional 105,547 shares during the period. Finally, Stifel Financial Corp lifted its holdings in shares of DNP Select Income Fund by 9.4% during the 3rd quarter. Stifel Financial Corp now owns 64,144 shares of the investment management company’s stock valued at $644,000 after purchasing an additional 5,524 shares in the last quarter. Institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Stock Performance

Shares of DNP stock opened at $9.37 on Thursday. DNP Select Income Fund Inc. has a 52 week low of $8.02 and a 52 week high of $10.04. The company’s 50 day moving average price is $9.25 and its two-hundred day moving average price is $9.33.

DNP Select Income Fund Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Monday, February 10th. Stockholders of record on Monday, February 3rd will be issued a $0.065 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a dividend yield of 8.34%.

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.