Cetera Investment Advisers Purchases 66,134 Shares of DNP Select Income Fund Inc. (NYSE:DNP)

Cetera Investment Advisers raised its position in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 5.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,262,888 shares of the investment management company’s stock after buying an additional 66,134 shares during the period. Cetera Investment Advisers owned about 0.34% of DNP Select Income Fund worth $11,139,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Wolverine Asset Management LLC bought a new position in DNP Select Income Fund in the 4th quarter valued at $2,915,000. Strategic Financial Concepts LLC bought a new position in shares of DNP Select Income Fund in the fourth quarter valued at about $349,000. Keystone Financial Group bought a new stake in DNP Select Income Fund during the 4th quarter worth about $743,000. J.W. Cole Advisors Inc. increased its position in DNP Select Income Fund by 23.4% in the 4th quarter. J.W. Cole Advisors Inc. now owns 766,719 shares of the investment management company’s stock valued at $6,762,000 after acquiring an additional 145,449 shares in the last quarter. Finally, Cohen & Steers Inc. lifted its position in shares of DNP Select Income Fund by 104.4% during the fourth quarter. Cohen & Steers Inc. now owns 360,387 shares of the investment management company’s stock worth $3,179,000 after purchasing an additional 184,064 shares in the last quarter. Institutional investors own 8.51% of the company’s stock.

Insiders Place Their Bets

In other news, Director Geraldine M. Mcnamara sold 11,391 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $9.41, for a total value of $107,189.31. Following the transaction, the director now directly owns 5,344 shares in the company, valued at $50,287.04. This trade represents a 68.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.06% of the company’s stock.

DNP Select Income Fund Price Performance

Shares of DNP Select Income Fund stock opened at $9.62 on Friday. The firm has a 50 day simple moving average of $9.51 and a 200 day simple moving average of $9.39. DNP Select Income Fund Inc. has a fifty-two week low of $8.02 and a fifty-two week high of $10.04.

DNP Select Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, May 12th. Investors of record on Wednesday, April 30th will be issued a $0.065 dividend. This represents a $0.78 annualized dividend and a yield of 8.11%. The ex-dividend date of this dividend is Wednesday, April 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.