Saxon Interests Inc. Makes New Investment in DNP Select Income Fund Inc. (NYSE:DNP)

Saxon Interests Inc. purchased a new stake in DNP Select Income Fund Inc. (NYSE:DNP) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 10,164 shares of the investment management company’s stock, valued at approximately $86,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. B. Riley Wealth Advisors Inc. acquired a new position in shares of DNP Select Income Fund in the 3rd quarter valued at about $108,000. ST Germain D J Co. Inc. acquired a new position in DNP Select Income Fund during the 2nd quarter valued at about $99,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in DNP Select Income Fund by 61.2% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 226,667 shares of the investment management company’s stock valued at $2,158,000 after purchasing an additional 86,044 shares during the period. Advisor Resource Council acquired a new position in DNP Select Income Fund during the 4th quarter valued at about $352,000. Finally, N.E.W. Advisory Services LLC boosted its stake in DNP Select Income Fund by 1,893.4% during the 3rd quarter. N.E.W. Advisory Services LLC now owns 423,309 shares of the investment management company’s stock valued at $4,030,000 after purchasing an additional 402,073 shares during the period. 8.51% of the stock is owned by institutional investors and hedge funds.

DNP Select Income Fund Trading Down 0.1 %

DNP Select Income Fund stock traded down $0.01 during midday trading on Friday, reaching $9.07. 551,718 shares of the stock traded hands, compared to its average volume of 620,643. The firm has a fifty day moving average price of $8.85 and a two-hundred day moving average price of $9.03. DNP Select Income Fund Inc. has a fifty-two week low of $8.09 and a fifty-two week high of $11.18.

DNP Select Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 10th. Shareholders of record on Tuesday, April 30th will be given a dividend of $0.065 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 8.60%.

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.