Bay Colony Advisory Group Inc d b a Bay Colony Advisors Acquires 18,510 Shares of DNP Select Income Fund Inc. (NYSE:DNP)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in DNP Select Income Fund Inc. (NYSE:DNP) by 1.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,230,048 shares of the investment management company’s stock after acquiring an additional 18,510 shares during the quarter. DNP Select Income Fund comprises approximately 1.9% of Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ portfolio, making the stock its 10th biggest holding. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in DNP Select Income Fund were worth $12,202,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Sunbelt Securities Inc. purchased a new position in DNP Select Income Fund in the 4th quarter valued at approximately $34,000. Sandy Spring Bank grew its holdings in DNP Select Income Fund by 141.4% in the fourth quarter. Sandy Spring Bank now owns 4,951 shares of the investment management company’s stock valued at $44,000 after purchasing an additional 2,900 shares during the last quarter. Menard Financial Group LLC purchased a new position in shares of DNP Select Income Fund in the fourth quarter valued at $55,000. NBC Securities Inc. raised its stake in shares of DNP Select Income Fund by 612,300.0% during the 1st quarter. NBC Securities Inc. now owns 6,124 shares of the investment management company’s stock worth $60,000 after buying an additional 6,123 shares during the last quarter. Finally, Lee Danner & Bass Inc. acquired a new stake in DNP Select Income Fund in the 4th quarter valued at about $68,000. Institutional investors and hedge funds own 8.51% of the company’s stock.

DNP Select Income Fund Stock Performance

Shares of DNP opened at $9.65 on Thursday. DNP Select Income Fund Inc. has a 12-month low of $8.08 and a 12-month high of $10.04. The company has a 50-day moving average of $9.63 and a two-hundred day moving average of $9.44.

DNP Select Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, October 10th. Investors of record on Tuesday, September 30th will be given a dividend of $0.065 per share. This represents a $0.78 annualized dividend and a yield of 8.09%. The ex-dividend date of this dividend is Tuesday, September 30th.

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.