Osaic Holdings Inc. Increases Stake in DNP Select Income Fund Inc. $DNP

Osaic Holdings Inc. increased its stake in DNP Select Income Fund Inc. (NYSE:DNP) by 5.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,518,189 shares of the investment management company’s stock after purchasing an additional 80,838 shares during the period. Osaic Holdings Inc. owned 0.41% of DNP Select Income Fund worth $14,864,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of DNP. Ameritas Advisory Services LLC acquired a new stake in shares of DNP Select Income Fund during the second quarter worth $27,000. Oliver Lagore Vanvalin Investment Group purchased a new position in DNP Select Income Fund in the 2nd quarter worth $64,000. Chelsea Counsel Co. acquired a new stake in DNP Select Income Fund during the 2nd quarter worth about $82,000. Walled Lake Planning & Wealth Management LLC purchased a new stake in DNP Select Income Fund during the 2nd quarter valued at about $103,000. Finally, TCI Wealth Advisors Inc. purchased a new stake in DNP Select Income Fund during the 2nd quarter valued at about $104,000. Institutional investors and hedge funds own 8.51% of the company’s stock.

DNP Select Income Fund Stock Performance

Shares of NYSE:DNP opened at $9.99 on Friday. DNP Select Income Fund Inc. has a 52-week low of $8.69 and a 52-week high of $10.35. The business has a 50-day moving average price of $10.09 and a 200-day moving average price of $9.92.

DNP Select Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, April 10th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.065 per share. This represents a c) annualized dividend and a yield of 7.8%. The ex-dividend date is Tuesday, March 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.