Barclays PLC Takes Position in DNP Select Income Fund Inc. (NYSE:DNP)

Barclays PLC purchased a new stake in DNP Select Income Fund Inc. (NYSE:DNP) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 120,000 shares of the investment management company’s stock, valued at approximately $1,205,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Benjamin F. Edwards & Company Inc. raised 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 acquiring an additional 1,150 shares in the last quarter. OneDigital Investment Advisors LLC raised its holdings in shares of DNP Select Income Fund by 11.2% during the third quarter. OneDigital Investment Advisors LLC now owns 12,508 shares of the investment management company’s stock worth $126,000 after purchasing an additional 1,263 shares during the period. First Heartland Consultants Inc. lifted its position in shares of DNP Select Income Fund by 0.5% in the 3rd quarter. First Heartland Consultants Inc. now owns 277,516 shares of the investment management company’s stock worth $2,789,000 after buying an additional 1,363 shares during the last quarter. MAS Advisors LLC boosted its holdings in shares of DNP Select Income Fund by 2.6% in the 2nd quarter. MAS Advisors LLC now owns 99,926 shares of the investment management company’s stock valued at $821,000 after buying an additional 2,576 shares during the period. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of DNP Select Income Fund during the 3rd quarter valued at about $28,000. 8.51% of the stock is currently owned by institutional investors.

DNP Select Income Fund Price Performance

Shares of NYSE DNP opened at $9.17 on Tuesday. The stock’s 50 day simple moving average is $9.25 and its 200 day simple moving average is $9.25. 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 company also recently declared a monthly dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 31st will be given a dividend of $0.065 per share. This represents a $0.78 annualized dividend and a dividend yield of 8.51%. The ex-dividend date is Friday, January 31st.

DNP Select Income Fund Profile

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.