DNP Select Income Fund (NYSE:DNP) Hits New 12-Month Low at $8.03

DNP Select Income Fund Inc. (NYSE:DNPGet Free Report)’s stock price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $8.03 and last traded at $8.06, with a volume of 1253601 shares trading hands. The stock had previously closed at $8.26.

DNP Select Income Fund Stock Performance

The business has a 50 day moving average of $8.74 and a 200-day moving average of $8.78.

DNP Select Income Fund Dividend Announcement

The company also recently announced a — dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 28th will be issued a $0.065 dividend. This represents a dividend yield of 8.6%. The ex-dividend date is Friday, June 28th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Cetera Investment Advisers lifted its stake in DNP Select Income Fund by 571.5% in the first quarter. Cetera Investment Advisers now owns 1,228,662 shares of the investment management company’s stock worth $11,144,000 after acquiring an additional 1,045,691 shares during the period. Hartline Investment Corp bought a new position in shares of DNP Select Income Fund during the first quarter valued at $10,604,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in shares of DNP Select Income Fund by 353.1% during the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,027,018 shares of the investment management company’s stock valued at $8,709,000 after acquiring an additional 800,351 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in DNP Select Income Fund by 7.8% in the 1st quarter. Commonwealth Equity Services LLC now owns 962,646 shares of the investment management company’s stock worth $8,731,000 after buying an additional 69,301 shares in the last quarter. Finally, Apollon Wealth Management LLC increased its holdings in DNP Select Income Fund by 21.7% in the 4th quarter. Apollon Wealth Management LLC now owns 738,710 shares of the investment management company’s stock worth $6,264,000 after buying an additional 131,858 shares in the last quarter. Institutional investors own 8.51% of the company’s stock.

About DNP Select Income Fund

(Get Free Report)

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.

See Also

Receive News & Ratings for DNP Select Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DNP Select Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.