Nations Financial Group Inc. IA ADV Makes New Investment in DNP Select Income Fund Inc. (NYSE:DNP)

Nations Financial Group Inc. IA ADV bought a new position in shares of DNP Select Income Fund Inc. (NYSE:DNP) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 12,668 shares of the investment management company’s stock, valued at approximately $127,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Cetera Investment Advisers grew its stake in shares of DNP Select Income Fund by 571.5% in the first quarter. Cetera Investment Advisers now owns 1,228,662 shares of the investment management company’s stock worth $11,144,000 after purchasing an additional 1,045,691 shares during the last quarter. J.W. Cole Advisors Inc. grew its stake in shares of DNP Select Income Fund by 43.4% in the third quarter. J.W. Cole Advisors Inc. now owns 621,270 shares of the investment management company’s stock worth $6,238,000 after purchasing an additional 187,939 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of DNP Select Income Fund in the second quarter worth $557,000. Creative Planning grew its stake in shares of DNP Select Income Fund by 93.8% in the third quarter. Creative Planning now owns 148,984 shares of the investment management company’s stock worth $1,496,000 after purchasing an additional 72,100 shares during the last quarter. Finally, Raymond James & Associates grew its stake in shares of DNP Select Income Fund by 4.9% in the third quarter. Raymond James & Associates now owns 565,350 shares of the investment management company’s stock worth $5,676,000 after purchasing an additional 26,351 shares during the last quarter. Institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Price Performance

Shares of DNP Select Income Fund stock opened at $9.24 on Friday. DNP Select Income Fund Inc. has a twelve month low of $8.02 and a twelve month high of $10.04. The company’s fifty day moving average is $9.64 and its 200 day moving average is $9.06.

DNP Select Income Fund Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, November 12th. Investors of record on Friday, November 1st were issued a $0.065 dividend. The ex-dividend date was Thursday, October 31st. This represents a yield of 8.15%.

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.