U.S. Capital Wealth Advisors LLC Acquires New Position in DNP Select Income Fund Inc. (NYSE:DNP)

U.S. Capital Wealth Advisors LLC acquired a new stake in shares of DNP Select Income Fund Inc. (NYSE:DNP) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 82,450 shares of the investment management company’s stock, valued at approximately $678,000.

Other large investors also recently bought and sold shares of the company. Fortis Group Advisors LLC boosted its holdings in shares of DNP Select Income Fund by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 3,000 shares of the investment management company’s stock valued at $25,000 after buying an additional 1,500 shares during the period. Principal Securities Inc. bought a new position in shares of DNP Select Income Fund during the fourth quarter valued at approximately $44,000. EdgeRock Capital LLC bought a new position in shares of DNP Select Income Fund during the fourth quarter valued at approximately $53,000. Tennessee Valley Asset Management Partners acquired a new stake in shares of DNP Select Income Fund during the 4th quarter worth approximately $65,000. Finally, BOK Financial Private Wealth Inc. bought a new stake in shares of DNP Select Income Fund in the 4th quarter worth approximately $82,000. Institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Price Performance

NYSE DNP traded up $0.03 during trading hours on Friday, hitting $8.95. The company had a trading volume of 525,496 shares, compared to its average volume of 702,579. DNP Select Income Fund Inc. has a fifty-two week low of $8.02 and a fifty-two week high of $10.20. The business has a fifty day simple moving average of $8.50 and a 200-day simple moving average of $8.72.

DNP Select Income Fund Announces Dividend

The company also recently announced a dividend, which will be paid on Monday, August 12th. Shareholders of record on Thursday, August 1st will be paid a dividend of $0.065 per share. This represents a yield of 8.7%. The ex-dividend date is Wednesday, July 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.