Nomura Holdings Inc. Makes New $396,000 Investment in DNP Select Income Fund Inc. (NYSE:DNP)

Nomura Holdings Inc. bought a new stake in shares of DNP Select Income Fund Inc. (NYSE:DNP) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 46,690 shares of the investment management company’s stock, valued at approximately $396,000.

Other hedge funds have also recently made changes to their positions in the company. Fortis Group Advisors LLC raised its stake in DNP Select Income Fund by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 3,000 shares of the investment management company’s stock valued at $25,000 after buying an additional 1,500 shares during the last quarter. Principal Securities Inc. purchased a new position in shares of DNP Select Income Fund in the 4th quarter worth about $44,000. EdgeRock Capital LLC bought a new position in DNP Select Income Fund in the 4th quarter worth about $53,000. Tennessee Valley Asset Management Partners purchased a new stake in DNP Select Income Fund during the 4th quarter valued at about $65,000. Finally, BOK Financial Private Wealth Inc. bought a new stake in DNP Select Income Fund during the 4th quarter valued at about $82,000. 8.51% of the stock is owned by institutional investors.

DNP Select Income Fund Trading Up 0.6 %

Shares of NYSE DNP opened at $8.15 on Friday. The firm’s 50 day moving average price is $8.64 and its 200-day moving average price is $8.74. DNP Select Income Fund Inc. has a 52-week low of $8.02 and a 52-week high of $10.53.

DNP Select Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.065 per share. The ex-dividend date is Monday, September 30th. This represents a $0.78 annualized dividend and a yield of 9.57%.

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.