MAS Advisors LLC Purchases 2,576 Shares of DNP Select Income Fund Inc. (NYSE:DNP)

MAS Advisors LLC increased its holdings in DNP Select Income Fund Inc. (NYSE:DNP) by 2.6% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 99,926 shares of the investment management company’s stock after buying an additional 2,576 shares during the period. DNP Select Income Fund accounts for approximately 2.0% of MAS Advisors LLC’s portfolio, making the stock its 15th largest holding. MAS Advisors LLC’s holdings in DNP Select Income Fund were worth $821,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hartline Investment Corp purchased a new position in DNP Select Income Fund in the first quarter worth $10,604,000. Cetera Investment Advisers increased its position in shares of DNP Select Income Fund by 571.5% during the 1st quarter. Cetera Investment Advisers now owns 1,228,662 shares of the investment management company’s stock valued at $11,144,000 after purchasing an additional 1,045,691 shares during the last quarter. Wolverine Asset Management LLC raised its holdings in shares of DNP Select Income Fund by 5,329.4% during the 2nd quarter. Wolverine Asset Management LLC now owns 231,293 shares of the investment management company’s stock valued at $1,901,000 after buying an additional 227,033 shares in the last quarter. Foguth Wealth Management LLC. bought a new stake in DNP Select Income Fund in the 1st quarter worth approximately $1,005,000. Finally, Stock Yards Bank & Trust Co. boosted its stake in DNP Select Income Fund by 250.6% in the first quarter. Stock Yards Bank & Trust Co. now owns 117,075 shares of the investment management company’s stock worth $1,062,000 after buying an additional 83,686 shares in the last quarter. 8.51% of the stock is currently owned by hedge funds and other institutional investors.

DNP Select Income Fund Trading Down 0.3 %

Shares of NYSE:DNP opened at $9.77 on Friday. The company’s fifty day moving average is $9.14 and its 200 day moving average is $8.85. DNP Select Income Fund Inc. has a 52 week low of $8.02 and a 52 week high of $10.05.

DNP Select Income Fund Announces Dividend

The business also recently declared a dividend, which was paid on Monday, August 12th. Investors of record on Thursday, August 1st were given a dividend of $0.065 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a yield of 8.7%.

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.