SeaCrest Wealth Management LLC Acquires Shares of 4,750 DNP Select Income Fund Inc. (NYSE:DNP)

SeaCrest Wealth Management LLC acquired a new stake in shares of DNP Select Income Fund Inc. (NYSE:DNPGet Rating) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 4,750 shares of the investment management company’s stock, valued at approximately $51,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. TIAA FSB purchased a new position in DNP Select Income Fund during the 2nd quarter valued at $139,000. Aviance Capital Partners LLC increased its position in DNP Select Income Fund by 12.3% during the 2nd quarter. Aviance Capital Partners LLC now owns 209,500 shares of the investment management company’s stock valued at $2,271,000 after purchasing an additional 22,902 shares during the period. Oppenheimer & Co. Inc. increased its position in DNP Select Income Fund by 1.4% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 121,447 shares of the investment management company’s stock valued at $1,316,000 after purchasing an additional 1,676 shares during the period. TownSquare Capital LLC bought a new stake in shares of DNP Select Income Fund during the 2nd quarter valued at $129,000. Finally, Keybank National Association OH boosted its holdings in shares of DNP Select Income Fund by 6.7% during the 2nd quarter. Keybank National Association OH now owns 15,950 shares of the investment management company’s stock valued at $173,000 after buying an additional 1,000 shares in the last quarter. 7.24% of the stock is owned by hedge funds and other institutional investors.

DNP Select Income Fund Stock Performance

Shares of DNP stock opened at $11.24 on Monday. DNP Select Income Fund Inc. has a 12 month low of $9.83 and a 12 month high of $12.00. The company’s fifty day moving average price is $10.73 and its 200-day moving average price is $10.97.

DNP Select Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, December 12th. Stockholders of record on Wednesday, November 30th will be issued a dividend of $0.065 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 6.94%. The ex-dividend date of this dividend is Tuesday, November 29th.

About DNP Select Income Fund

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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.

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Institutional Ownership by Quarter for DNP Select Income Fund (NYSE:DNP)

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