Kestra Advisory Services LLC Buys 62,419 Shares of DNP Select Income Fund Inc. $DNP

Kestra Advisory Services LLC increased its stake in DNP Select Income Fund Inc. (NYSE:DNP) by 63.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 161,429 shares of the investment management company’s stock after purchasing an additional 62,419 shares during the quarter. Kestra Advisory Services LLC’s holdings in DNP Select Income Fund were worth $1,663,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Safe Harbor Fiduciary LLC purchased a new stake in shares of DNP Select Income Fund in the fourth quarter worth about $28,000. Parallel Advisors LLC bought a new stake in DNP Select Income Fund during the 4th quarter worth approximately $32,000. Smithfield Trust Co bought a new stake in DNP Select Income Fund during the 4th quarter worth approximately $33,000. Spire Wealth Management lifted its stake in DNP Select Income Fund by 84.9% in the 4th quarter. Spire Wealth Management now owns 3,400 shares of the investment management company’s stock worth $34,000 after purchasing an additional 1,561 shares in the last quarter. Finally, Hilton Head Capital Partners LLC purchased a new stake in DNP Select Income Fund in the 4th quarter worth approximately $48,000. 8.51% of the stock is currently owned by institutional investors.

DNP Select Income Fund Price Performance

Shares of NYSE:DNP opened at $10.98 on Wednesday. The firm has a fifty day moving average price of $10.82 and a two-hundred day moving average price of $10.49. DNP Select Income Fund Inc. has a one year low of $9.69 and a one year high of $11.16.

DNP Select Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 13th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.065 per share. The ex-dividend date is Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 7.1%.

DNP Select Income Fund 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.