NBC Securities Inc. Purchases 6,123 Shares of DNP Select Income Fund Inc. (NYSE:DNP)

NBC Securities Inc. raised its position in DNP Select Income Fund Inc. (NYSE:DNP) by 612,300.0% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 6,124 shares of the investment management company’s stock after buying an additional 6,123 shares during the quarter. NBC Securities Inc.’s holdings in DNP Select Income Fund were worth $60,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Citadel Advisors LLC increased its holdings 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 valued at $903,000 after buying an additional 81,424 shares during the period. Bank of America Corp DE grew its holdings in shares of DNP Select Income Fund by 7.7% during the 4th quarter. Bank of America Corp DE now owns 934,015 shares of the investment management company’s stock valued at $8,238,000 after purchasing an additional 66,548 shares during the last quarter. Wolverine Asset Management LLC bought a new stake in shares of DNP Select Income Fund during the 4th quarter valued at approximately $2,915,000. Strategic Financial Concepts LLC bought a new stake in shares of DNP Select Income Fund during the 4th quarter valued at approximately $349,000. Finally, Ameriprise Financial Inc. grew its holdings in shares of DNP Select Income Fund by 39.1% during the 4th quarter. Ameriprise Financial Inc. now owns 141,907 shares of the investment management company’s stock valued at $1,252,000 after purchasing an additional 39,855 shares during the last quarter. 8.51% of the stock is owned by institutional investors.

DNP Select Income Fund Stock Up 0.4%

Shares of DNP Select Income Fund stock opened at $9.75 on Thursday. The firm’s 50 day moving average is $9.57 and its 200 day moving average is $9.44. DNP Select Income Fund Inc. has a 1 year low of $8.02 and a 1 year high of $10.04.

DNP Select Income Fund Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, June 2nd were given a dividend of $0.065 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a yield of 8%.

DNP Select Income Fund Company 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.