Duff & Phelps Select Energy MLP Fund (DSE) Hits New 52-Week Low at $4.60
Duff & Phelps Select Energy MLP Fund Inc (NYSE:DSE)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $4.60 and last traded at $4.69, with a volume of 6228 shares traded. The stock had previously closed at $4.95.
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 20th. Investors of record on Tuesday, November 13th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, November 9th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 12.47%.
Hedge funds have recently modified their holdings of the stock. LPL Financial LLC acquired a new position in shares of Duff & Phelps Select Energy MLP Fund during the third quarter worth $110,000. Oppenheimer & Co. Inc. acquired a new position in shares of Duff & Phelps Select Energy MLP Fund during the third quarter worth $124,000. Raymond James & Associates grew its stake in shares of Duff & Phelps Select Energy MLP Fund by 38.0% during the second quarter. Raymond James & Associates now owns 31,597 shares of the company’s stock worth $175,000 after purchasing an additional 8,694 shares in the last quarter. NINE MASTS CAPITAL Ltd acquired a new position in shares of Duff & Phelps Select Energy MLP Fund during the second quarter worth $593,000. Finally, Wells Fargo & Company MN grew its stake in shares of Duff & Phelps Select Energy MLP Fund by 121.8% during the third quarter. Wells Fargo & Company MN now owns 227,457 shares of the company’s stock worth $1,381,000 after purchasing an additional 124,911 shares in the last quarter.
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Duff & Phelps Select Energy MLP Fund Inc is a closed-ended equity mutual fund launched by Virtus Investment Partners, Inc The fund is co-managed by Duff & Phelps Investment Management Co and Virtus Alternative Investment Advisers, Inc It invests in the public equity markets of the United States.
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