N.E.W. Advisory Services LLC Has $3.89 Million Stake in DNP Select Income Fund Inc. (NYSE:DNP)

N.E.W. Advisory Services LLC grew its stake in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 6.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 473,109 shares of the investment management company’s stock after buying an additional 26,876 shares during the period. N.E.W. Advisory Services LLC owned approximately 0.13% of DNP Select Income Fund worth $3,889,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Wolverine Asset Management LLC grew its holdings in DNP Select Income Fund by 5,329.4% during the second quarter. Wolverine Asset Management LLC now owns 231,293 shares of the investment management company’s stock valued at $1,901,000 after purchasing an additional 227,033 shares during the period. United Asset Strategies Inc. bought a new stake in shares of DNP Select Income Fund in the 2nd quarter valued at $159,000. LCM Capital Management Inc bought a new position in DNP Select Income Fund during the second quarter worth about $175,000. Essex Financial Services Inc. acquired a new position in DNP Select Income Fund in the second quarter valued at about $104,000. Finally, Cutter & CO Brokerage Inc. increased its holdings in shares of DNP Select Income Fund by 19.1% in the second quarter. Cutter & CO Brokerage Inc. now owns 24,900 shares of the investment management company’s stock worth $205,000 after acquiring an additional 4,000 shares in the last quarter. 8.51% of the stock is currently owned by institutional investors and hedge funds.

DNP Select Income Fund Stock Performance

NYSE:DNP opened at $9.60 on Friday. The business’s 50-day simple moving average is $8.88 and its 200-day simple moving average is $8.80. DNP Select Income Fund Inc. has a fifty-two week low of $8.02 and a fifty-two week high of $10.12.

DNP Select Income Fund Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, August 12th. Shareholders of record on Thursday, August 1st were paid a $0.065 dividend. This represents a yield of 8.7%. The ex-dividend date of this dividend was Wednesday, July 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.