DNP Select Income Fund Inc. (NYSE:DNP) Shares Acquired by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. increased its position in DNP Select Income Fund Inc. (NYSE:DNP) by 19.7% during the third quarter, HoldingsChannel.com reports. The fund owned 28,649 shares of the investment management company’s stock after acquiring an additional 4,723 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in DNP Select Income Fund were worth $288,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Cetera Investment Advisers grew its holdings in shares of DNP Select Income Fund by 571.5% in the 1st quarter. Cetera Investment Advisers now owns 1,228,662 shares of the investment management company’s stock worth $11,144,000 after acquiring an additional 1,045,691 shares during the period. Avior Wealth Management LLC acquired a new stake in shares of DNP Select Income Fund in the 3rd quarter worth approximately $567,000. J.W. Cole Advisors Inc. grew its holdings in shares of DNP Select Income Fund by 43.4% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 621,270 shares of the investment management company’s stock worth $6,238,000 after acquiring an additional 187,939 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of DNP Select Income Fund in the 2nd quarter worth approximately $557,000. Finally, Creative Planning grew its holdings in shares of DNP Select Income Fund by 93.8% in the 3rd quarter. Creative Planning now owns 148,984 shares of the investment management company’s stock worth $1,496,000 after acquiring an additional 72,100 shares during the period. Institutional investors and hedge funds own 8.51% of the company’s stock.

DNP Select Income Fund Stock Up 0.5 %

DNP stock opened at $9.65 on Thursday. DNP Select Income Fund Inc. has a 1 year low of $8.02 and a 1 year high of $10.04. The stock’s 50 day moving average price is $9.60 and its 200 day moving average price is $9.09.

DNP Select Income Fund Announces Dividend

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

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.