IFG Advisory LLC Invests $369,000 in DNP Select Income Fund Inc. $DNP

Posted by Danessa Lincoln on Nov 4th, 2025

IFG Advisory LLC purchased a new position in shares of DNP Select Income Fund Inc. (NYSE:DNP – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 37,697 shares of the investment management company’s stock, valued at approximately $369,000.

Other large investors have also modified their holdings of the company. Ameritas Advisory Services LLC purchased a new stake in shares of DNP Select Income Fund during the second quarter worth approximately $27,000. Private Trust Co. NA purchased a new stake in shares of DNP Select Income Fund during the first quarter worth approximately $35,000. IFP Advisors Inc raised its stake in shares of 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 purchasing 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 during the second quarter worth approximately $64,000. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of DNP Select Income Fund during the first quarter worth approximately $78,000. Hedge funds and other institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Trading Down 0.8%

NYSE:DNP opened at $10.09 on Tuesday. The stock has a fifty day moving average price of $9.98 and a two-hundred day moving average price of $9.82. 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 firm also recently disclosed a monthly dividend, which will be paid on Monday, January 12th. Shareholders of record on Wednesday, December 31st will be given a $0.065 dividend. The ex-dividend date is Wednesday, December 31st. This represents a c) annualized dividend and a yield of 7.7%.

DNP Select Income Fund Profile

(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.