DNP Select Income Fund Inc. (NYSE:DNP) Shares Acquired by UBS Group AG

UBS Group AG increased its position in DNP Select Income Fund Inc. (NYSE:DNP – Get Rating) by 8.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 585,109 shares of the investment management company’s stock after buying an additional 43,925 shares during the quarter. UBS Group AG owned about 0.16% of DNP Select Income Fund worth $6,582,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Royal Bank of Canada lifted its holdings in shares of DNP Select Income Fund by 1.3% during the third quarter. Royal Bank of Canada now owns 1,798,229 shares of the investment management company’s stock valued at $18,630,000 after purchasing an additional 23,309 shares during the last quarter. LPL Financial LLC lifted its stake in DNP Select Income Fund by 12.8% in the 4th quarter. LPL Financial LLC now owns 1,636,204 shares of the investment management company’s stock worth $18,407,000 after acquiring an additional 185,077 shares in the last quarter. American Financial Advisors LLC lifted its stake in DNP Select Income Fund by 1.1% in the 4th quarter. American Financial Advisors LLC now owns 1,351,836 shares of the investment management company’s stock worth $15,208,000 after acquiring an additional 14,070 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in DNP Select Income Fund by 3.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 867,227 shares of the investment management company’s stock worth $9,756,000 after acquiring an additional 30,790 shares in the last quarter. Finally, Baird Financial Group Inc. increased its position in DNP Select Income Fund by 4.8% in the 3rd quarter. Baird Financial Group Inc. now owns 635,280 shares of the investment management company’s stock worth $6,582,000 after purchasing an additional 29,250 shares during the last quarter. Institutional investors and hedge funds own 7.75% of the company’s stock.

DNP Select Income Fund Stock Down 0.6 %

Shares of DNP stock opened at $10.10 on Friday. The stock’s 50-day moving average is $10.69 and its two-hundred day moving average is $11.12. DNP Select Income Fund Inc. has a fifty-two week low of $9.83 and a fifty-two week high of $11.84.

DNP Select Income Fund Announces Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, May 10th. Stockholders of record on Friday, April 28th were issued a dividend of $0.065 per share. This represents a dividend yield of 7.27%. The ex-dividend date of this dividend was Thursday, April 27th.

Insider Activity

In other DNP Select Income Fund news, Director Mareile B. Cusack bought 4,752 shares of the firm’s stock in a transaction that occurred on Wednesday, April 26th. The stock was purchased at an average price of $10.50 per share, for a total transaction of $49,896.00. Following the purchase, the director now directly owns 4,752 shares in the company, valued at $49,896. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.03% of the stock is currently owned by insiders.

DNP Select Income Fund Company Profile

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DNP Select Income Fund, Inc is a closed-end investment fund. Its investment objectives are current income, long-term growth of income and capital appreciation by investing primarily in a portfolio of equity and fixed income securities of companies in the public utilities industry. the company was founded on January 21, 1986 and is headquartered in Chicago, IL.