Kelly Financial Group LLC Acquires 8,611 Shares of DNP Select Income Fund Inc. (NYSE:DNP)

Kelly Financial Group LLC grew its holdings in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 60.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,928 shares of the investment management company’s stock after purchasing an additional 8,611 shares during the quarter. Kelly Financial Group LLC’s holdings in DNP Select Income Fund were worth $227,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sunbelt Securities Inc. acquired a new position in DNP Select Income Fund in the 4th quarter valued at $34,000. Sandy Spring Bank grew its stake in DNP Select Income Fund by 141.4% in the 4th quarter. Sandy Spring Bank now owns 4,951 shares of the investment management company’s stock valued at $44,000 after buying an additional 2,900 shares during the last quarter. NBC Securities Inc. grew its stake in DNP Select Income Fund by 612,300.0% in the 1st quarter. NBC Securities Inc. now owns 6,124 shares of the investment management company’s stock valued at $60,000 after buying an additional 6,123 shares during the last quarter. Menard Financial Group LLC acquired a new position in DNP Select Income Fund in the 4th quarter valued at $55,000. Finally, AdvisorNet Financial Inc grew its position in DNP Select Income Fund by 172.3% in the 1st quarter. AdvisorNet Financial Inc now owns 7,443 shares of the investment management company’s stock worth $74,000 after purchasing an additional 4,710 shares during the last quarter. Institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Stock Performance

NYSE:DNP opened at $9.73 on Friday. The firm’s 50-day moving average is $9.60 and its 200-day moving average is $9.44. DNP Select Income Fund Inc. has a 52-week low of $8.02 and a 52-week high of $10.04.

DNP Select Income Fund Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, June 10th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.065 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a dividend yield of 8%.

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.