Creative Planning Sells 14,718 Shares of DNP Select Income Fund Inc. (NYSE:DNP)

Posted by on Oct 14th, 2023

Creative Planning lessened its stake in shares of DNP Select Income Fund Inc. (NYSE:DNP – Free Report) by 10.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 131,290 shares of the investment management company’s stock after selling 14,718 shares during the period. Creative Planning’s holdings in DNP Select Income Fund were worth $1,376,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Kovack Advisors Inc. increased its stake in shares of DNP Select Income Fund by 15.7% in the 2nd quarter. Kovack Advisors Inc. now owns 35,132 shares of the investment management company’s stock valued at $368,000 after purchasing an additional 4,758 shares during the last quarter. DAVENPORT & Co LLC increased its stake in shares of DNP Select Income Fund by 7.7% in the 2nd quarter. DAVENPORT & Co LLC now owns 156,127 shares of the investment management company’s stock valued at $1,636,000 after purchasing an additional 11,114 shares during the last quarter. Blackston Financial Advisory Group LLC increased its stake in shares of DNP Select Income Fund by 29.5% in the 2nd quarter. Blackston Financial Advisory Group LLC now owns 23,399 shares of the investment management company’s stock valued at $245,000 after purchasing an additional 5,330 shares during the last quarter. Foundations Investment Advisors LLC increased its stake in shares of DNP Select Income Fund by 62.2% in the 2nd quarter. Foundations Investment Advisors LLC now owns 76,413 shares of the investment management company’s stock valued at $801,000 after purchasing an additional 29,299 shares during the last quarter. Finally, Stratos Wealth Advisors LLC increased its stake in shares of DNP Select Income Fund by 2.9% in the 2nd quarter. Stratos Wealth Advisors LLC now owns 115,238 shares of the investment management company’s stock valued at $1,208,000 after purchasing an additional 3,277 shares during the last quarter. Institutional investors own 8.55% of the company’s stock.

DNP Select Income Fund Trading Up 0.8 %

Shares of DNP opened at $9.74 on Friday. DNP Select Income Fund Inc. has a 52-week low of $8.86 and a 52-week high of $11.84. The business’s fifty day moving average is $9.90 and its 200-day moving average is $10.24.

DNP Select Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 10th. Stockholders of record on Tuesday, October 31st will be paid a $0.065 dividend. The ex-dividend date of this dividend is Monday, October 30th. This represents a $0.78 annualized dividend and a dividend yield of 8.01%.

DNP Select Income Fund Profile

(Free Report)

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.

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Institutional Ownership by Quarter for DNP Select Income Fund (NYSE:DNP)

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