DNP Select Income Fund Inc. (NYSE:DNP) Shares Acquired by RDA Financial Network

RDA Financial Network increased its holdings in DNP Select Income Fund Inc. (NYSE:DNP) by 54.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,168 shares of the investment management company’s stock after buying an additional 39,255 shares during the quarter. RDA Financial Network’s holdings in DNP Select Income Fund were worth $1,116,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of DNP Select Income Fund in the third quarter valued at approximately $44,000. EdgeRock Capital LLC bought a new position in DNP Select Income Fund during the 2nd quarter valued at $49,000. Future Financial Wealth Managment LLC acquired a new position in shares of DNP Select Income Fund during the 3rd quarter valued at $50,000. Benjamin F. Edwards & Company Inc. raised its stake in shares of 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 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 $82,000. 8.51% of the stock is currently owned by institutional investors and hedge funds.

DNP Select Income Fund Price Performance

NYSE:DNP traded down $0.06 during mid-day trading on Tuesday, reaching $9.67. 530,600 shares of the stock were exchanged, compared to its average volume of 673,577. DNP Select Income Fund Inc. has a 1-year low of $8.02 and a 1-year high of $10.04. The business has a fifty day moving average price of $9.52 and a 200 day moving average price of $8.96.

DNP Select Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be issued a $0.065 dividend. The ex-dividend date is Thursday, October 31st. This represents a $0.78 dividend on an annualized basis and a dividend yield of 8.07%.

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.