Sigma Planning Corp Has $683,000 Stake in DNP Select Income Fund Inc. $DNP

Sigma Planning Corp raised its stake in DNP Select Income Fund Inc. (NYSE:DNP) by 8.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 69,695 shares of the investment management company’s stock after purchasing an additional 5,620 shares during the quarter. Sigma Planning Corp’s holdings in DNP Select Income Fund were worth $683,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Ameritas Advisory Services LLC bought a new stake in DNP Select Income Fund during the second quarter worth $27,000. Private Trust Co. NA purchased a new position in DNP Select Income Fund during the 1st quarter worth $35,000. IFP Advisors Inc boosted its holdings in DNP Select Income Fund by 25.6% during the 1st quarter. IFP Advisors Inc now owns 5,931 shares of the investment management company’s stock worth $59,000 after acquiring an additional 1,210 shares during the last quarter. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of DNP Select Income Fund in the 2nd quarter worth $64,000. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of DNP Select Income Fund in the first quarter valued at about $78,000. Institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Price Performance

DNP opened at $10.13 on Friday. DNP Select Income Fund Inc. has a fifty-two week low of $8.69 and a fifty-two week high of $10.25. The company’s 50-day moving average is $9.99 and its 200 day moving average is $9.83.

DNP Select Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, January 12th. Shareholders of record on Wednesday, December 31st will be given a dividend of $0.065 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 7.7%.

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.