Walled Lake Planning & Wealth Management LLC Buys Shares of 10,550 DNP Select Income Fund Inc. $DNP

Walled Lake Planning & Wealth Management LLC purchased a new stake in DNP Select Income Fund Inc. (NYSE:DNP) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,550 shares of the investment management company’s stock, valued at approximately $103,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Ameritas Advisory Services LLC acquired a new stake in DNP Select Income Fund in the 2nd quarter valued at about $27,000. IFP Advisors Inc raised its position 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 acquiring an additional 1,210 shares during the last quarter. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of DNP Select Income Fund in the second quarter valued at about $64,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of DNP Select Income Fund in the first quarter valued at approximately $78,000. Finally, Chelsea Counsel Co. acquired a new stake in shares of DNP Select Income Fund in the second quarter valued at approximately $82,000. 8.51% of the stock is currently owned by hedge funds and other institutional investors.

DNP Select Income Fund Price Performance

Shares of DNP opened at $10.13 on Friday. DNP Select Income Fund Inc. has a 1-year low of $8.69 and a 1-year high of $10.25. The firm has a 50 day simple moving average of $10.04 and a 200-day simple moving average of $9.87.

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 $0.065 dividend. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date is Wednesday, December 31st.

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.