Capital Investment Advisory Services LLC Buys New Holdings in DNP Select Income Fund Inc. (DNP)

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Capital Investment Advisory Services LLC bought a new position in shares of DNP Select Income Fund Inc. (NYSE:DNP) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 48,069 shares of the investment management company’s stock, valued at approximately $532,000.

Other large investors have also recently made changes to their positions in the company. TRUE Private Wealth Advisors bought a new stake in DNP Select Income Fund during the second quarter worth approximately $240,000. Sawtooth Solutions LLC bought a new stake in DNP Select Income Fund during the second quarter worth approximately $226,000. AE Wealth Management LLC raised its holdings in DNP Select Income Fund by 196.6% during the second quarter. AE Wealth Management LLC now owns 54,252 shares of the investment management company’s stock worth $585,000 after purchasing an additional 35,963 shares in the last quarter. IFP Advisors Inc raised its holdings in DNP Select Income Fund by 7.4% during the second quarter. IFP Advisors Inc now owns 118,615 shares of the investment management company’s stock worth $1,279,000 after purchasing an additional 8,203 shares in the last quarter. Finally, Citadel Advisors LLC bought a new stake in DNP Select Income Fund during the second quarter worth approximately $259,000. 3.91% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:DNP opened at $10.93 on Thursday. DNP Select Income Fund Inc. has a 12 month low of $9.71 and a 12 month high of $11.45.

The company also recently announced a monthly dividend, which will be paid on Monday, December 10th. Investors of record on Friday, November 30th will be issued a dividend of $0.065 per share. The ex-dividend date is Thursday, November 29th. This represents a $0.78 annualized dividend and a yield of 7.14%.

DNP Select Income Fund Profile

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.

See Also: Understanding the different types of bonds

Want to see what other hedge funds are holding DNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DNP Select Income Fund Inc. (NYSE:DNP).

Institutional Ownership by Quarter for DNP Select Income Fund (NYSE:DNP)

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