TRUE Private Wealth Advisors Makes New Investment in DNP Select Income Fund Inc. (NYSE:DNP)

TRUE Private Wealth Advisors purchased a new position in shares of DNP Select Income Fund Inc. (NYSE:DNP) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,144 shares of the investment management company’s stock, valued at approximately $102,000.

Other hedge funds also recently added to or reduced their stakes in the company. Cetera Investment Advisers raised its stake in shares of DNP Select Income Fund by 571.5% during the first quarter. Cetera Investment Advisers now owns 1,228,662 shares of the investment management company’s stock valued at $11,144,000 after acquiring an additional 1,045,691 shares in the last quarter. Avior Wealth Management LLC bought a new stake in DNP Select Income Fund during the 3rd quarter valued at $567,000. J.W. Cole Advisors Inc. lifted its holdings in shares of DNP Select Income Fund by 43.4% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 621,270 shares of the investment management company’s stock worth $6,238,000 after buying an additional 187,939 shares during the period. OneDigital Investment Advisors LLC grew its position in shares of DNP Select Income Fund by 11.2% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 12,508 shares of the investment management company’s stock worth $126,000 after buying an additional 1,263 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of DNP Select Income Fund during the second quarter valued at $557,000. 8.51% of the stock is currently owned by institutional investors.

DNP Select Income Fund Stock Performance

DNP stock opened at $9.61 on Friday. DNP Select Income Fund Inc. has a 1-year low of $8.02 and a 1-year high of $10.04. The business has a 50-day moving average price of $9.59 and a 200 day moving average price of $9.10.

DNP Select Income Fund Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, November 12th. Investors of record on Friday, November 1st were issued a dividend of $0.065 per share. This represents a yield of 8.15%. The ex-dividend date was Thursday, October 31st.

DNP Select Income Fund 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.