Raymond James & Associates Boosts Stock Position in DNP Select Income Fund Inc. (NYSE:DNP)

Raymond James & Associates grew its stake in DNP Select Income Fund Inc. (NYSE:DNP) by 4.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 565,350 shares of the investment management company’s stock after purchasing an additional 26,351 shares during the period. Raymond James & Associates owned approximately 0.16% of DNP Select Income Fund worth $5,676,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in DNP Select Income Fund during the third quarter valued at approximately $44,000. EdgeRock Capital LLC acquired a new stake in shares of DNP Select Income Fund during the 2nd quarter worth approximately $49,000. Future Financial Wealth Managment LLC purchased a new position in shares of DNP Select Income Fund in the 3rd quarter valued at about $50,000. Benjamin F. Edwards & Company Inc. lifted its position in shares of DNP Select Income Fund by 13.5% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 9,647 shares of the investment management company’s stock valued at $79,000 after buying an additional 1,150 shares in the last quarter. Finally, Saxon Interests Inc. acquired a new stake in shares of DNP Select Income Fund in the second quarter valued at about $82,000. Institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Trading Up 0.4 %

DNP stock opened at $9.54 on Friday. The firm has a 50-day moving average of $9.68 and a two-hundred day moving average of $9.01. DNP Select Income Fund Inc. has a 12 month low of $8.02 and a 12 month high of $10.04.

DNP Select Income Fund Dividend Announcement

The firm also recently declared a dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Friday, November 1st will be given a $0.065 dividend. The ex-dividend date is Thursday, October 31st. This represents a yield of 8.15%.

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.