J.W. Cole Advisors Inc. Has $11.17 Million Stake in DNP Select Income Fund Inc. $DNP

J.W. Cole Advisors Inc. increased its position in DNP Select Income Fund Inc. (NYSE:DNP) by 6.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,115,799 shares of the investment management company’s stock after purchasing an additional 69,145 shares during the quarter. J.W. Cole Advisors Inc. owned approximately 0.30% of DNP Select Income Fund worth $11,169,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Commonwealth Equity Services LLC raised its holdings in shares of DNP Select Income Fund by 4.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 1,449,269 shares of the investment management company’s stock worth $14,507,000 after buying an additional 65,175 shares in the last quarter. Verus Capital Partners LLC boosted its stake in DNP Select Income Fund by 87.9% in the 2nd quarter. Verus Capital Partners LLC now owns 125,832 shares of the investment management company’s stock valued at $1,232,000 after buying an additional 58,867 shares in the last quarter. Westbourne Investment Advisors Inc. bought a new stake in DNP Select Income Fund in the second quarter valued at $673,000. Sowell Financial Services LLC acquired a new position in DNP Select Income Fund during the third quarter worth $2,211,000. Finally, Truist Financial Corp lifted its holdings in shares of DNP Select Income Fund by 12.8% during the second quarter. Truist Financial Corp now owns 96,139 shares of the investment management company’s stock valued at $941,000 after acquiring an additional 10,946 shares during the period. Institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Stock Performance

Shares of NYSE:DNP opened at $10.09 on Wednesday. The company’s fifty day moving average is $10.04 and its 200-day moving average is $9.99. DNP Select Income Fund Inc. has a 52 week low of $8.69 and a 52 week high of $10.35.

DNP Select Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, April 10th. Shareholders of record on Tuesday, March 31st will be given a $0.065 dividend. The ex-dividend date is Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 7.7%.

DNP Select Income Fund Company Profile

DNP Select Income Fund is a closed‐end management investment company listed on the New York Stock Exchange under the symbol DNP. The fund’s primary objective is to provide high current income and, as a secondary objective, capital appreciation by investing in income‐producing securities.

To pursue its objectives, DNP Select Income Fund allocates the majority of its assets to equity and equity‐related securities of energy infrastructure companies, with a particular focus on master limited partnerships (MLPs) in the midstream sector.