Avior Wealth Management LLC Buys 52,190 Shares of DNP Select Income Fund Inc. (NYSE:DNP)

Avior Wealth Management LLC boosted its stake in DNP Select Income Fund Inc. (NYSE:DNP) by 92.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 108,623 shares of the investment management company’s stock after purchasing an additional 52,190 shares during the quarter. Avior Wealth Management LLC’s holdings in DNP Select Income Fund were worth $958,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. UMB Bank n.a. bought a new position in DNP Select Income Fund in the 4th quarter worth about $34,000. HB Wealth Management LLC bought a new position in DNP Select Income Fund in the 4th quarter worth about $480,000. RDA Financial Network boosted its stake in DNP Select Income Fund by 2.2% in the 4th quarter. RDA Financial Network now owns 113,638 shares of the investment management company’s stock worth $1,002,000 after purchasing an additional 2,470 shares during the period. Miracle Mile Advisors LLC boosted its stake in DNP Select Income Fund by 100.2% in the 4th quarter. Miracle Mile Advisors LLC now owns 40,438 shares of the investment management company’s stock worth $357,000 after purchasing an additional 20,238 shares during the period. Finally, Future Financial Wealth Managment LLC boosted its stake in DNP Select Income Fund by 160.0% in the 4th quarter. Future Financial Wealth Managment LLC now owns 13,000 shares of the investment management company’s stock worth $115,000 after purchasing an additional 8,000 shares during the period. Institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Stock Performance

Shares of NYSE DNP opened at $9.29 on Friday. The business has a 50-day simple moving average of $9.25 and a two-hundred day simple moving average of $9.31. DNP Select Income Fund Inc. has a 52 week low of $8.02 and a 52 week high of $10.04.

DNP Select Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, February 10th. Shareholders of record on Friday, January 31st will be issued a $0.065 dividend. The ex-dividend date is Friday, January 31st. This represents a $0.78 annualized dividend and a dividend yield of 8.40%.

DNP Select Income Fund Company 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.