Westbourne Investment Advisors Inc. Purchases Shares of 68,700 DNP Select Income Fund Inc. $DNP

Westbourne Investment Advisors Inc. purchased a new stake in DNP Select Income Fund Inc. (NYSE:DNP) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 68,700 shares of the investment management company’s stock, valued at approximately $673,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cerity Partners LLC lifted its position in DNP Select Income Fund by 2.1% during the first quarter. Cerity Partners LLC now owns 54,187 shares of the investment management company’s stock valued at $536,000 after acquiring an additional 1,111 shares during the last quarter. Tortoise Investment Management LLC lifted its holdings in shares of DNP Select Income Fund by 1.8% during the 1st quarter. Tortoise Investment Management LLC now owns 62,569 shares of the investment management company’s stock valued at $619,000 after purchasing an additional 1,130 shares during the last quarter. IFP Advisors Inc boosted its position in shares of DNP Select Income Fund by 25.6% in the 1st 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 in the last quarter. Farther Finance Advisors LLC boosted its position in shares of DNP Select Income Fund by 4.0% in the 2nd 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 grew its stake in DNP Select Income Fund by 11.6% during the 2nd quarter. Global Assets Advisory LLC now owns 11,995 shares of the investment management company’s stock worth $117,000 after buying an additional 1,246 shares during the last quarter. Hedge funds and other institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Stock Up 1.0%

Shares of NYSE:DNP opened at $10.20 on Tuesday. The business’s 50-day moving average is $10.00 and its 200 day moving average is $9.84. DNP Select Income Fund Inc. has a 1 year low of $8.69 and a 1 year high of $10.25.

DNP Select Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, January 12th. Investors 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 of this dividend 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.