Owen LaRue LLC Increases Stock Position in DNP Select Income Fund Inc. $DNP

Owen LaRue LLC lifted its holdings in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 46.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 359,822 shares of the investment management company’s stock after buying an additional 114,285 shares during the quarter. DNP Select Income Fund comprises 1.5% of Owen LaRue LLC’s investment portfolio, making the stock its 17th biggest position. Owen LaRue LLC’s holdings in DNP Select Income Fund were worth $3,523,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of DNP. Jane Street Group LLC purchased a new stake in shares of DNP Select Income Fund during the 4th quarter valued at approximately $301,000. Ameriprise Financial Inc. lifted its stake in DNP Select Income Fund by 39.1% in the 4th quarter. Ameriprise Financial Inc. now owns 141,907 shares of the investment management company’s stock worth $1,252,000 after purchasing an additional 39,855 shares in the last quarter. Citadel Advisors LLC lifted its stake in DNP Select Income Fund by 387.6% in the 4th quarter. Citadel Advisors LLC now owns 102,431 shares of the investment management company’s stock worth $903,000 after purchasing an additional 81,424 shares in the last quarter. Sunbelt Securities Inc. purchased a new stake in DNP Select Income Fund in the 4th quarter worth approximately $34,000. Finally, AdvisorNet Financial Inc lifted its stake in DNP Select Income Fund by 172.3% in the 1st quarter. AdvisorNet Financial Inc now owns 7,443 shares of the investment management company’s stock worth $74,000 after purchasing an additional 4,710 shares in the last quarter. 8.51% of the stock is currently owned by hedge funds and other institutional investors.

DNP Select Income Fund Trading Down 0.5%

NYSE DNP opened at $9.95 on Friday. DNP Select Income Fund Inc. has a 1 year low of $8.69 and a 1 year high of $10.04. The company’s 50 day simple moving average is $9.86 and its two-hundred day simple moving average is $9.71.

DNP Select Income Fund Announces Dividend

The business also recently declared 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 of this dividend is Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%.

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.