U.S. Capital Wealth Advisors LLC Increases Stake in DNP Select Income Fund Inc. (NYSE:DNP)

U.S. Capital Wealth Advisors LLC boosted its stake in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 6.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 96,993 shares of the investment management company’s stock after acquiring an additional 5,528 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in DNP Select Income Fund were worth $855,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in DNP Select Income Fund by 4.1% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,292,204 shares of the investment management company’s stock valued at $12,974,000 after acquiring an additional 50,425 shares in the last quarter. Apollon Wealth Management LLC increased its position in shares of DNP Select Income Fund by 2.9% in the third quarter. Apollon Wealth Management LLC now owns 853,015 shares of the investment management company’s stock valued at $8,564,000 after buying an additional 23,781 shares in the last quarter. J.W. Cole Advisors Inc. increased its position in shares of DNP Select Income Fund by 43.4% in the third quarter. J.W. Cole Advisors Inc. now owns 621,270 shares of the investment management company’s stock valued at $6,238,000 after buying an additional 187,939 shares in the last quarter. Raymond James & Associates increased its position in shares of DNP Select Income Fund by 4.9% in the third quarter. Raymond James & Associates now owns 565,350 shares of the investment management company’s stock valued at $5,676,000 after buying an additional 26,351 shares in the last quarter. Finally, IHT Wealth Management LLC increased its position in shares of DNP Select Income Fund by 257.6% in the third quarter. IHT Wealth Management LLC now owns 425,789 shares of the investment management company’s stock valued at $4,275,000 after buying an additional 306,712 shares in the last quarter. 8.51% of the stock is currently owned by hedge funds and other institutional investors.

DNP Select Income Fund Stock Performance

DNP Select Income Fund stock opened at $9.33 on Wednesday. DNP Select Income Fund Inc. has a 12 month low of $8.02 and a 12 month high of $10.04. The business has a 50 day simple moving average of $9.24 and a 200-day simple moving average of $9.36.

DNP Select Income Fund Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, February 10th. Stockholders of record on Monday, February 3rd will be given a $0.065 dividend. This represents a dividend yield of 8.24%. The ex-dividend date of this dividend is Friday, January 31st.

DNP Select Income Fund Company 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.