Cetera Investment Advisers Has $14.10 Million Position in DNP Select Income Fund Inc. $DNP

Cetera Investment Advisers lifted its holdings in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 4.6% during the 2nd quarter, Holdings Channel reports. The firm owned 1,440,398 shares of the investment management company’s stock after purchasing an additional 63,375 shares during the quarter. Cetera Investment Advisers’ holdings in DNP Select Income Fund were worth $14,101,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in DNP. Creative Planning lifted its stake in DNP Select Income Fund by 84.7% in the second quarter. Creative Planning now owns 243,060 shares of the investment management company’s stock valued at $2,380,000 after buying an additional 111,497 shares during the period. Foundations Investment Advisors LLC lifted its position in shares of DNP Select Income Fund by 2.9% during the 2nd quarter. Foundations Investment Advisors LLC now owns 411,719 shares of the investment management company’s stock valued at $4,031,000 after acquiring an additional 11,587 shares during the period. PNC Financial Services Group Inc. grew its holdings in DNP Select Income Fund by 74.1% in the second quarter. PNC Financial Services Group Inc. now owns 22,000 shares of the investment management company’s stock worth $215,000 after purchasing an additional 9,367 shares during the period. Westbourne Investment Advisors Inc. acquired a new stake in DNP Select Income Fund in the second quarter worth $673,000. Finally, Verus Capital Partners LLC grew its holdings in DNP Select Income Fund by 87.9% in the second quarter. Verus Capital Partners LLC now owns 125,832 shares of the investment management company’s stock worth $1,232,000 after purchasing an additional 58,867 shares during the period. Institutional investors and hedge funds own 8.51% of the company’s stock.

DNP Select Income Fund Trading Up 0.4%

Shares of NYSE DNP opened at $10.17 on Thursday. The firm’s 50-day moving average price is $10.04 and its 200-day moving average price is $9.86. DNP Select Income Fund Inc. has a 1-year low of $8.69 and a 1-year high of $10.25.

DNP Select Income Fund Announces Dividend

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