PFG Investments LLC Has $487,000 Stock Holdings in DNP Select Income Fund Inc. (NYSE:DNP)

PFG Investments LLC increased its stake in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,215 shares of the investment management company’s stock after buying an additional 2,730 shares during the period. PFG Investments LLC’s holdings in DNP Select Income Fund were worth $487,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. OneDigital Investment Advisors LLC grew its stake in shares of DNP Select Income Fund by 11.2% during the third quarter. OneDigital Investment Advisors LLC now owns 12,508 shares of the investment management company’s stock valued at $126,000 after purchasing an additional 1,263 shares during the last quarter. First Heartland Consultants Inc. boosted its position in DNP Select Income Fund by 0.5% in the 3rd quarter. First Heartland Consultants Inc. now owns 277,516 shares of the investment management company’s stock valued at $2,789,000 after buying an additional 1,363 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in shares of DNP Select Income Fund by 62.8% in the 4th quarter. Geneos Wealth Management Inc. now owns 6,024 shares of the investment management company’s stock valued at $53,000 after buying an additional 2,324 shares during the period. RDA Financial Network raised its position in shares of DNP Select Income Fund by 2.2% during the fourth quarter. RDA Financial Network now owns 113,638 shares of the investment management company’s stock worth $1,002,000 after acquiring an additional 2,470 shares during the last quarter. Finally, Safe Harbor Fiduciary LLC acquired a new position in shares of DNP Select Income Fund during the third quarter valued at $28,000. Institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Trading Up 1.0 %

Shares of DNP stock opened at $9.37 on Thursday. DNP Select Income Fund Inc. has a 12 month low of $8.02 and a 12 month high of $10.04. The stock has a 50-day moving average price of $9.25 and a 200 day moving average price of $9.33.

DNP Select Income Fund Dividend Announcement

The firm also recently declared a dividend, which will be paid on Monday, February 10th. Investors of record on Monday, February 3rd will be paid a dividend of $0.065 per share. This represents a dividend yield of 8.34%. The ex-dividend date is Friday, January 31st.

About DNP Select Income Fund

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.