Global Assets Advisory LLC Has $117,000 Stock Position in DNP Select Income Fund Inc. $DNP

Global Assets Advisory LLC raised its stake in DNP Select Income Fund Inc. (NYSE:DNP) by 11.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 11,995 shares of the investment management company’s stock after acquiring an additional 1,246 shares during the period. Global Assets Advisory LLC’s holdings in DNP Select Income Fund were worth $117,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in DNP. Royal Bank of Canada raised its holdings in shares of DNP Select Income Fund by 19.6% during the first quarter. Royal Bank of Canada now owns 2,538,820 shares of the investment management company’s stock worth $25,109,000 after acquiring an additional 415,954 shares during the period. LPL Financial LLC raised its stake in shares of DNP Select Income Fund by 4.4% in the 1st quarter. LPL Financial LLC now owns 2,298,467 shares of the investment management company’s stock valued at $22,732,000 after purchasing an additional 96,233 shares during the period. Baird Financial Group Inc. lifted its holdings in shares of DNP Select Income Fund by 4.9% in the first quarter. Baird Financial Group Inc. now owns 1,648,916 shares of the investment management company’s stock valued at $16,308,000 after purchasing an additional 77,017 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of DNP Select Income Fund by 9.0% in the first quarter. Cetera Investment Advisers now owns 1,377,023 shares of the investment management company’s stock valued at $13,619,000 after purchasing an additional 114,135 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its position in shares of DNP Select Income Fund by 1.5% during the first quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,230,048 shares of the investment management company’s stock worth $12,202,000 after buying an additional 18,510 shares during the period. Institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Trading Up 0.3%

NYSE:DNP opened at $10.00 on Tuesday. The stock has a 50-day simple moving average of $9.89 and a 200 day simple moving average of $9.73. DNP Select Income Fund Inc. has a 52-week low of $8.69 and a 52-week high of $10.04.

DNP Select Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, January 12th. Stockholders of record on Wednesday, December 31st will be issued a $0.065 dividend. The ex-dividend date is Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%.

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.