Raymond James & Associates Increases Holdings in DNP Select Income Fund Inc. (DNP)

Raymond James & Associates raised its stake in DNP Select Income Fund Inc. (NYSE:DNP) by 16.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 100,242 shares of the investment management company’s stock after buying an additional 14,411 shares during the quarter. Raymond James & Associates’ holdings in DNP Select Income Fund were worth $1,081,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in DNP. LPL Financial LLC lifted its stake in DNP Select Income Fund by 100.4% in the first quarter. LPL Financial LLC now owns 333,585 shares of the investment management company’s stock valued at $3,429,000 after buying an additional 167,150 shares in the last quarter. TRUE Private Wealth Advisors bought a new position in DNP Select Income Fund in the second quarter valued at approximately $240,000. Chicago Capital LLC bought a new position in DNP Select Income Fund in the second quarter valued at approximately $110,000. Cornerstone Wealth Management LLC bought a new position in DNP Select Income Fund in the second quarter valued at approximately $7,434,000. Finally, Janney Montgomery Scott LLC lifted its stake in DNP Select Income Fund by 9.0% in the second quarter. Janney Montgomery Scott LLC now owns 118,272 shares of the investment management company’s stock valued at $1,275,000 after buying an additional 9,743 shares in the last quarter. 3.92% of the stock is currently owned by hedge funds and other institutional investors.

Shares of DNP opened at $11.03 on Friday. DNP Select Income Fund Inc. has a twelve month low of $9.71 and a twelve month high of $11.47.

The business also recently declared a monthly dividend, which will be paid on Monday, December 10th. Shareholders of record on Friday, November 30th will be paid a $0.065 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 7.07%. The ex-dividend date is Thursday, November 29th.

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.

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

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