GWN Securities Inc. Acquires New Stake in DNP Select Income Fund Inc. $DNP

GWN Securities Inc. bought a new position in DNP Select Income Fund Inc. (NYSE:DNP) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 24,446 shares of the investment management company’s stock, valued at approximately $239,000.

Other large investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its holdings in DNP Select Income Fund by 12.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 68,409 shares of the investment management company’s stock valued at $677,000 after buying an additional 7,698 shares in the last quarter. Private Trust Co. NA purchased a new position in shares of DNP Select Income Fund during the first quarter worth approximately $35,000. Sequoia Financial Advisors LLC purchased a new position in shares of DNP Select Income Fund during the first quarter worth approximately $137,000. Royal Bank of Canada raised its stake in shares of DNP Select Income Fund by 19.6% during the first quarter. Royal Bank of Canada now owns 2,538,820 shares of the investment management company’s stock valued at $25,109,000 after acquiring an additional 415,954 shares in the last quarter. Finally, Smith Asset Management Co. LLC purchased a new stake in shares of DNP Select Income Fund in the first quarter valued at approximately $4,189,000. 8.51% of the stock is owned by hedge funds and other institutional investors.

DNP Select Income Fund Stock Performance

DNP stock opened at $10.19 on Thursday. DNP Select Income Fund Inc. has a 1-year low of $8.69 and a 1-year high of $10.25. The business has a 50-day moving average price of $9.97 and a 200 day moving average price of $9.80.

DNP Select Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, January 12th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.065 per share. The ex-dividend date is Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 7.7%.

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.