32,642 Shares in DNP Select Income Fund Inc. (NYSE:DNP) Bought by Alexander Randolph Advisory Inc.

Alexander Randolph Advisory Inc. acquired a new position in shares of DNP Select Income Fund Inc. (NYSE:DNP) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 32,642 shares of the investment management company’s stock, valued at approximately $277,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in shares of DNP Select Income Fund by 353.1% during the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,027,018 shares of the investment management company’s stock worth $8,709,000 after acquiring an additional 800,351 shares during the period. Commonwealth Equity Services LLC increased its stake in DNP Select Income Fund by 2.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 936,295 shares of the investment management company’s stock valued at $8,914,000 after buying an additional 20,505 shares during the last quarter. UBS Group AG increased its stake in DNP Select Income Fund by 4.9% in the 3rd quarter. UBS Group AG now owns 652,492 shares of the investment management company’s stock valued at $6,212,000 after buying an additional 30,278 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in DNP Select Income Fund by 2.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 442,767 shares of the investment management company’s stock valued at $4,215,000 after buying an additional 10,588 shares during the last quarter. Finally, N.E.W. Advisory Services LLC increased its stake in DNP Select Income Fund by 1,893.4% in the 3rd quarter. N.E.W. Advisory Services LLC now owns 423,309 shares of the investment management company’s stock valued at $4,030,000 after buying an additional 402,073 shares during the last quarter. 8.51% of the stock is currently owned by institutional investors and hedge funds.

DNP Select Income Fund Stock Performance

DNP stock remained flat at $8.84 during midday trading on Friday. 436,384 shares of the company’s stock traded hands, compared to its average volume of 517,399. DNP Select Income Fund Inc. has a 12-month low of $8.09 and a 12-month high of $11.18. The business has a fifty day moving average price of $8.91 and a two-hundred day moving average price of $8.91.

DNP Select Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, May 10th. Shareholders of record on Tuesday, April 30th will be paid a $0.065 dividend. The ex-dividend date is Monday, April 29th. This represents a $0.78 annualized dividend and a yield of 8.82%.

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.