MAS Advisors LLC Buys 2,254 Shares of DNP Select Income Fund Inc. $DNP

MAS Advisors LLC grew its stake in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 3.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 62,171 shares of the investment management company’s stock after acquiring an additional 2,254 shares during the quarter. DNP Select Income Fund comprises about 1.0% of MAS Advisors LLC’s investment portfolio, making the stock its 21st biggest holding. MAS Advisors LLC’s holdings in DNP Select Income Fund were worth $609,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Smith Asset Management Co. LLC purchased a new stake in DNP Select Income Fund in the first quarter worth approximately $4,189,000. Royal Bank of Canada lifted its holdings in shares of DNP Select Income Fund by 19.6% during the 1st quarter. Royal Bank of Canada now owns 2,538,820 shares of the investment management company’s stock valued at $25,109,000 after buying an additional 415,954 shares during the period. N.E.W. Advisory Services LLC boosted its stake in shares of DNP Select Income Fund by 83.2% in the 1st quarter. N.E.W. Advisory Services LLC now owns 882,284 shares of the investment management company’s stock worth $8,726,000 after buying an additional 400,688 shares during the last quarter. Owen LaRue LLC grew its holdings in shares of DNP Select Income Fund by 46.5% in the second quarter. Owen LaRue LLC now owns 359,822 shares of the investment management company’s stock worth $3,523,000 after acquiring an additional 114,285 shares during the period. Finally, Cetera Investment Advisers increased its position in DNP Select Income Fund by 9.0% during 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 acquiring an additional 114,135 shares during the last quarter. 8.51% of the stock is owned by hedge funds and other institutional investors.

DNP Select Income Fund Price Performance

DNP stock opened at $9.97 on Monday. DNP Select Income Fund Inc. has a fifty-two week low of $8.69 and a fifty-two week high of $10.04. The business’s 50-day moving average is $9.88 and its two-hundred day moving average is $9.73.

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 paid a $0.065 dividend. This represents a c) annualized dividend and a dividend yield of 7.8%. The ex-dividend date is Wednesday, December 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.