RDA Financial Network Has $3.72 Million Stock Holdings in DNP Select Income Fund Inc. $DNP

RDA Financial Network increased its holdings in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 24.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 344,768 shares of the investment management company’s stock after buying an additional 68,097 shares during the quarter. RDA Financial Network owned 0.09% of DNP Select Income Fund worth $3,720,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its stake in DNP Select Income Fund by 17.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 17,444 shares of the investment management company’s stock valued at $171,000 after acquiring an additional 2,568 shares in the last quarter. Cresset Asset Management LLC lifted its position in shares of DNP Select Income Fund by 3.2% in the second quarter. Cresset Asset Management LLC now owns 41,953 shares of the investment management company’s stock worth $413,000 after purchasing an additional 1,312 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of DNP Select Income Fund by 31.4% during the second quarter. NewEdge Advisors LLC now owns 52,318 shares of the investment management company’s stock worth $512,000 after purchasing an additional 12,499 shares during the period. Diversify Advisory Services LLC acquired a new stake in shares of DNP Select Income Fund during the second quarter worth approximately $115,000. Finally, Raymond James Financial Inc. grew its position in DNP Select Income Fund by 5.4% during the second quarter. Raymond James Financial Inc. now owns 962,109 shares of the investment management company’s stock valued at $9,419,000 after purchasing an additional 48,905 shares in the last quarter. 8.51% of the stock is owned by institutional investors and hedge funds.

DNP Select Income Fund Trading Up 0.0%

DNP Select Income Fund stock opened at $10.76 on Tuesday. The firm’s 50 day moving average price is $10.85 and its two-hundred day moving average price is $10.56. DNP Select Income Fund Inc. has a twelve month low of $9.69 and a twelve month high of $11.16.

DNP Select Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, October 13th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.065 per share. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date is Wednesday, September 30th.

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.