DNP Select Income Fund Inc. (NYSE:DNP) Shares Bought by Cetera Advisor Networks LLC

Cetera Advisor Networks LLC grew its stake in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 8.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 371,074 shares of the investment management company’s stock after acquiring an additional 29,583 shares during the quarter. Cetera Advisor Networks LLC owned about 0.10% of DNP Select Income Fund worth $3,889,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Cetera Investment Advisers increased its stake in shares of DNP Select Income Fund by 25.8% during the 2nd quarter. Cetera Investment Advisers now owns 453,595 shares of the investment management company’s stock valued at $4,754,000 after acquiring an additional 92,901 shares during the last quarter. Fisher Asset Management LLC acquired a new position in shares of DNP Select Income Fund during the 2nd quarter valued at about $130,000. Kestra Private Wealth Services LLC increased its stake in shares of DNP Select Income Fund by 5.3% during the 2nd quarter. Kestra Private Wealth Services LLC now owns 56,927 shares of the investment management company’s stock valued at $597,000 after acquiring an additional 2,861 shares during the last quarter. Keystone Financial Group acquired a new position in shares of DNP Select Income Fund during the 2nd quarter valued at about $564,000. Finally, Modera Wealth Management LLC acquired a new position in shares of DNP Select Income Fund during the 2nd quarter valued at about $135,000. Institutional investors and hedge funds own 8.55% of the company’s stock.

DNP Select Income Fund Price Performance

DNP opened at $9.04 on Tuesday. The firm has a 50 day moving average price of $9.45 and a 200 day moving average price of $9.94. DNP Select Income Fund Inc. has a 1 year low of $8.86 and a 1 year high of $11.84.

DNP Select Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, November 10th. Investors of record on Tuesday, October 31st were given a dividend of $0.065 per share. This represents a $0.78 dividend on an annualized basis and a yield of 8.63%. The ex-dividend date was Monday, October 30th.

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.