Harbour Investments Inc. Has $580,000 Stock Holdings in DNP Select Income Fund Inc. $DNP

Harbour Investments Inc. raised its stake in DNP Select Income Fund Inc. (NYSE:DNP) by 7.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 59,228 shares of the investment management company’s stock after buying an additional 4,181 shares during the quarter. Harbour Investments Inc.’s holdings in DNP Select Income Fund were worth $580,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in DNP. Smith Asset Management Co. LLC acquired a new position in DNP Select Income Fund in the 1st quarter valued at approximately $4,189,000. Royal Bank of Canada increased its stake in shares of DNP Select Income Fund by 19.6% during the 1st quarter. Royal Bank of Canada now owns 2,538,820 shares of the investment management company’s stock worth $25,109,000 after purchasing an additional 415,954 shares during the last quarter. N.E.W. Advisory Services LLC increased its stake in shares of DNP Select Income Fund by 83.2% during the 1st quarter. N.E.W. Advisory Services LLC now owns 882,284 shares of the investment management company’s stock worth $8,726,000 after purchasing an additional 400,688 shares during the last quarter. Owen LaRue LLC increased its stake in shares of DNP Select Income Fund by 46.5% during the 2nd quarter. Owen LaRue LLC now owns 359,822 shares of the investment management company’s stock worth $3,523,000 after purchasing an additional 114,285 shares during the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of DNP Select Income Fund by 9.0% during the 1st quarter. Cetera Investment Advisers now owns 1,377,023 shares of the investment management company’s stock worth $13,619,000 after purchasing an additional 114,135 shares during the last quarter. Institutional investors and hedge funds own 8.51% of the company’s stock.

DNP Select Income Fund Stock Performance

Shares of DNP opened at $9.96 on Monday. The company’s fifty day moving average is $9.92 and its 200-day moving average is $9.74. DNP Select Income Fund Inc. has a 12 month low of $8.69 and a 12 month high of $10.07.

DNP Select Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, January 12th. Stockholders of record on Wednesday, December 31st will be paid a dividend of $0.065 per share. The ex-dividend date is Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 7.8%.

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.