DNP Select Income Fund Inc. (NYSE:DNP) Shares Purchased by Axiom Advisory LLC

Axiom Advisory LLC boosted its position in DNP Select Income Fund Inc. (NYSE:DNP) by 1.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 214,400 shares of the investment management company’s stock after purchasing an additional 3,350 shares during the quarter. Axiom Advisory LLC owned about 0.06% of DNP Select Income Fund worth $1,960,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fortis Group Advisors LLC raised its position in shares of DNP Select Income Fund by 100.0% in 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. EdgeRock Capital LLC acquired a new stake in DNP Select Income Fund in the 2nd quarter valued at about $49,000. Benjamin F. Edwards & Company Inc. lifted its stake in DNP Select Income Fund by 13.5% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 9,647 shares of the investment management company’s stock worth $79,000 after purchasing an additional 1,150 shares in the last quarter. Saxon Interests Inc. purchased a new position in DNP Select Income Fund in the 2nd quarter worth approximately $82,000. Finally, GEM Asset Management LLC acquired a new position in shares of DNP Select Income Fund during the 2nd quarter worth approximately $83,000. Hedge funds and other institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Stock Up 1.0 %

NYSE:DNP opened at $9.49 on Wednesday. DNP Select Income Fund Inc. has a one year low of $8.02 and a one year high of $10.04. The stock has a 50 day moving average price of $9.47 and a 200 day moving average price of $8.94.

DNP Select Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be paid a $0.065 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 8.22%. The ex-dividend date is Thursday, October 31st.

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.