J.W. Cole Advisors Inc. Purchases 187,939 Shares of DNP Select Income Fund Inc. (NYSE:DNP)

J.W. Cole Advisors Inc. grew its position in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 43.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 621,270 shares of the investment management company’s stock after acquiring an additional 187,939 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in DNP Select Income Fund were worth $6,238,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of DNP. PFG Investments LLC grew its holdings in shares of DNP Select Income Fund by 12.8% during the third quarter. PFG Investments LLC now owns 52,485 shares of the investment management company’s stock valued at $527,000 after buying an additional 5,951 shares during the last quarter. Calton & Associates Inc. acquired a new position in DNP Select Income Fund during the 3rd quarter valued at about $328,000. Raymond James & Associates increased its holdings in DNP Select Income Fund by 4.9% during the 3rd quarter. Raymond James & Associates now owns 565,350 shares of the investment management company’s stock worth $5,676,000 after purchasing an additional 26,351 shares in the last quarter. RDA Financial Network raised its stake in shares of DNP Select Income Fund by 54.6% in the third quarter. RDA Financial Network now owns 111,168 shares of the investment management company’s stock worth $1,116,000 after purchasing an additional 39,255 shares during the last quarter. Finally, Creative Planning raised its stake in shares of DNP Select Income Fund by 93.8% in the third quarter. Creative Planning now owns 148,984 shares of the investment management company’s stock worth $1,496,000 after purchasing an additional 72,100 shares during the last quarter. Institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Stock Down 0.9 %

Shares of NYSE:DNP traded down $0.09 during mid-day trading on Friday, hitting $9.64. 364,105 shares of the company traded hands, compared to its average volume of 663,689. The stock has a 50-day moving average price of $9.66 and a two-hundred day moving average price of $9.00. DNP Select Income Fund Inc. has a 12-month low of $8.02 and a 12-month high of $10.04.

DNP Select Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be issued a dividend of $0.065 per share. This represents a $0.78 dividend on an annualized basis and a yield of 8.09%. The ex-dividend date is Thursday, October 31st.

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.