J.W. Cole Advisors Inc. Buys 187,939 Shares of DNP Select Income Fund Inc. (NYSE:DNP)

J.W. Cole Advisors Inc. lifted its stake in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 43.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 621,270 shares of the investment management company’s stock after acquiring an additional 187,939 shares during the quarter. J.W. Cole Advisors Inc. owned approximately 0.18% of DNP Select Income Fund worth $6,238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in DNP. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its position in DNP Select Income Fund by 6.2% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,241,779 shares of the investment management company’s stock valued at $10,207,000 after acquiring an additional 72,687 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of DNP Select Income Fund by 571.5% during the 1st quarter. Cetera Investment Advisers now owns 1,228,662 shares of the investment management company’s stock valued at $11,144,000 after purchasing an additional 1,045,691 shares in the last quarter. Hartline Investment Corp acquired a new stake in DNP Select Income Fund during the first quarter worth approximately $10,604,000. Commonwealth Equity Services LLC increased its holdings in DNP Select Income Fund by 7.7% in the second quarter. Commonwealth Equity Services LLC now owns 1,036,658 shares of the investment management company’s stock worth $8,521,000 after purchasing an additional 74,012 shares in the last quarter. Finally, Apollon Wealth Management LLC lifted its stake in DNP Select Income Fund by 1.9% in the second quarter. Apollon Wealth Management LLC now owns 829,234 shares of the investment management company’s stock valued at $6,816,000 after buying an additional 15,819 shares during the period. 8.51% of the stock is owned by institutional investors and hedge funds.

DNP Select Income Fund Price Performance

Shares of DNP Select Income Fund stock traded down $0.09 on Friday, reaching $9.64. 364,105 shares of the company’s stock were exchanged, compared to its average volume of 663,689. DNP Select Income Fund Inc. has a 52 week low of $8.02 and a 52 week high of $10.04. The firm’s 50-day moving average is $9.66 and its two-hundred day moving average is $9.00.

DNP Select Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be paid a dividend of $0.065 per share. This represents a $0.78 annualized dividend and a yield of 8.09%. The ex-dividend date of this dividend 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.