Alexander Randolph Advisory Inc. Makes New $277,000 Investment in DNP Select Income Fund Inc. (NYSE:DNP)

Alexander Randolph Advisory Inc. acquired a new position in DNP Select Income Fund Inc. (NYSE:DNP) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 32,642 shares of the investment management company’s stock, valued at approximately $277,000.

A number of other hedge funds have also recently made changes to their positions in the business. Investment Partners LTD. lifted its holdings in shares of DNP Select Income Fund by 2.8% in the 3rd quarter. Investment Partners LTD. now owns 46,026 shares of the investment management company’s stock worth $438,000 after acquiring an additional 1,260 shares during the last quarter. Sigma Planning Corp lifted its holdings in shares of DNP Select Income Fund by 4.6% in the 3rd quarter. Sigma Planning Corp now owns 39,463 shares of the investment management company’s stock worth $376,000 after acquiring an additional 1,731 shares during the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of DNP Select Income Fund by 1.9% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 103,742 shares of the investment management company’s stock worth $988,000 after acquiring an additional 1,976 shares during the last quarter. Ausdal Financial Partners Inc. lifted its holdings in shares of DNP Select Income Fund by 8.3% in the 4th quarter. Ausdal Financial Partners Inc. now owns 26,473 shares of the investment management company’s stock worth $224,000 after acquiring an additional 2,025 shares during the last quarter. Finally, Gill Capital Partners LLC lifted its holdings in shares of DNP Select Income Fund by 9.4% in the 4th quarter. Gill Capital Partners LLC now owns 30,300 shares of the investment management company’s stock worth $257,000 after acquiring an additional 2,595 shares during the last quarter. 8.51% of the stock is currently owned by institutional investors.

DNP Select Income Fund Stock Performance

Shares of DNP remained flat at $8.84 during mid-day trading on Friday. 436,384 shares of the stock were exchanged, compared to its average volume of 517,399. The stock’s 50 day moving average price is $8.91 and its two-hundred day moving average price is $8.91. DNP Select Income Fund Inc. has a 1 year low of $8.09 and a 1 year high of $11.18.

DNP Select Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, May 10th. Investors of record on Tuesday, April 30th will be issued a dividend of $0.065 per share. The ex-dividend date is Monday, April 29th. This represents a $0.78 dividend on an annualized basis and a yield of 8.82%.

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.