DNP Select Income Fund Inc. $DNP Shares Bought by Verus Capital Partners LLC

Verus Capital Partners LLC grew its position in DNP Select Income Fund Inc. (NYSE:DNP) by 87.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 125,832 shares of the investment management company’s stock after buying an additional 58,867 shares during the quarter. Verus Capital Partners LLC’s holdings in DNP Select Income Fund were worth $1,232,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of DNP. Cerity Partners LLC lifted its stake in DNP Select Income Fund by 2.1% during the 1st quarter. Cerity Partners LLC now owns 54,187 shares of the investment management company’s stock worth $536,000 after acquiring an additional 1,111 shares in the last quarter. Tortoise Investment Management LLC increased its stake in DNP Select Income Fund by 1.8% during the first quarter. Tortoise Investment Management LLC now owns 62,569 shares of the investment management company’s stock worth $619,000 after purchasing an additional 1,130 shares during the period. IFP Advisors Inc increased its stake in DNP Select Income Fund by 25.6% during the first quarter. IFP Advisors Inc now owns 5,931 shares of the investment management company’s stock worth $59,000 after purchasing an additional 1,210 shares during the period. Farther Finance Advisors LLC lifted its position in shares of DNP Select Income Fund by 4.0% during the second quarter. Farther Finance Advisors LLC now owns 32,434 shares of the investment management company’s stock worth $318,000 after purchasing an additional 1,246 shares in the last quarter. Finally, Global Assets Advisory LLC boosted its stake in shares of DNP Select Income Fund by 11.6% in the second quarter. Global Assets Advisory LLC now owns 11,995 shares of the investment management company’s stock valued at $117,000 after purchasing an additional 1,246 shares during the period. Hedge funds and other institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Stock Performance

Shares of DNP stock opened at $10.20 on Wednesday. DNP Select Income Fund Inc. has a fifty-two week low of $8.69 and a fifty-two week high of $10.25. The company has a 50 day moving average price of $10.01 and a 200 day moving average price of $9.84.

DNP Select Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, January 12th. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.065 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%.

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.