DNP Select Income Fund Inc. (NYSE:DNP) Shares Bought by Gladstone Institutional Advisory LLC

Posted by Don Miller on Feb 15th, 2025

Gladstone Institutional Advisory LLC grew its stake in shares of DNP Select Income Fund Inc. (NYSE:DNP – Free Report) by 5.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,019 shares of the investment management company’s stock after acquiring an additional 3,348 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in DNP Select Income Fund were worth $547,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of DNP. Safe Harbor Fiduciary LLC purchased a new stake in shares of DNP Select Income Fund during the 3rd quarter worth about $28,000. Crews Bank & Trust purchased a new stake in shares of DNP Select Income Fund during the 4th quarter worth about $29,000. UMB Bank n.a. purchased a new stake in shares of DNP Select Income Fund during the 4th quarter worth about $34,000. Tandem Financial LLC purchased a new stake in shares of DNP Select Income Fund during the 4th quarter worth about $34,000. Finally, Golden State Wealth Management LLC purchased a new stake in shares of DNP Select Income Fund during the 4th quarter worth about $35,000. Hedge funds and other institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Trading Up 0.6 %

Shares of NYSE:DNP opened at $9.38 on Friday. DNP Select Income Fund Inc. has a 1 year low of $8.02 and a 1 year high of $10.04. The stock has a 50-day simple moving average of $9.22 and a 200-day simple moving average of $9.39.

DNP Select Income Fund Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, February 10th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.065 per share. This represents a dividend yield of 8.24%. The ex-dividend date was Friday, January 31st.

DNP Select Income Fund Company Profile

(Free Report)

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.