Kestra Advisory Services LLC Grows Stock Holdings in DNP Select Income Fund Inc. $DNP

Kestra Advisory Services LLC grew its position in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 63.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 161,429 shares of the investment management company’s stock after acquiring an additional 62,419 shares during the period. Kestra Advisory Services LLC’s holdings in DNP Select Income Fund were worth $1,663,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. N.E.W. Advisory Services LLC grew its stake in shares of DNP Select Income Fund by 414.2% in the fourth quarter. N.E.W. Advisory Services LLC now owns 653,002 shares of the investment management company’s stock worth $6,523,000 after purchasing an additional 526,009 shares during the last quarter. LPL Financial LLC raised its position in DNP Select Income Fund by 16.3% during the 4th quarter. LPL Financial LLC now owns 3,060,999 shares of the investment management company’s stock valued at $30,579,000 after purchasing an additional 430,094 shares during the last quarter. Royal Bank of Canada raised its position in DNP Select Income Fund by 10.9% during the 4th quarter. Royal Bank of Canada now owns 3,098,075 shares of the investment management company’s stock valued at $30,950,000 after purchasing an additional 305,028 shares during the last quarter. Alchemi Wealth LLC purchased a new stake in DNP Select Income Fund in the 4th quarter worth approximately $2,489,000. Finally, Align Financial LLC purchased a new stake in DNP Select Income Fund in the 4th quarter worth approximately $2,352,000. 8.51% of the stock is currently owned by hedge funds and other institutional investors.

DNP Select Income Fund Trading Down 0.6%

Shares of DNP stock opened at $10.98 on Wednesday. DNP Select Income Fund Inc. has a fifty-two week low of $9.69 and a fifty-two week high of $11.16. The business’s 50 day moving average price is $10.82 and its 200-day moving average price is $10.49.

DNP Select Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 13th. Investors of record on Wednesday, September 30th will be paid a $0.065 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 7.1%.

DNP Select Income Fund Profile

DNP Select Income Fund is a closed‐end management investment company listed on the New York Stock Exchange under the symbol DNP. The fund’s primary objective is to provide high current income and, as a secondary objective, capital appreciation by investing in income‐producing securities.

To pursue its objectives, DNP Select Income Fund allocates the majority of its assets to equity and equity‐related securities of energy infrastructure companies, with a particular focus on master limited partnerships (MLPs) in the midstream sector.