Lifeworks Advisors LLC Takes $151,000 Position in DNP Select Income Fund Inc. (NYSE:DNP)

Lifeworks Advisors LLC purchased a new position in shares of DNP Select Income Fund Inc. (NYSE:DNP) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,019 shares of the investment management company’s stock, valued at approximately $151,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Benjamin F. Edwards & Company Inc. increased its stake in DNP Select Income Fund by 13.5% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 9,647 shares of the investment management company’s stock worth $79,000 after buying an additional 1,150 shares in the last quarter. Comerica Bank lifted its holdings in DNP Select Income Fund by 3.7% in the 1st quarter. Comerica Bank now owns 36,781 shares of the investment management company’s stock valued at $334,000 after purchasing an additional 1,311 shares in the last quarter. First Heartland Consultants Inc. boosted its stake in DNP Select Income Fund by 0.5% during the 3rd quarter. First Heartland Consultants Inc. now owns 277,516 shares of the investment management company’s stock worth $2,789,000 after purchasing an additional 1,363 shares during the last quarter. PFG Investments LLC grew its holdings in shares of DNP Select Income Fund by 3.8% during the second quarter. PFG Investments LLC now owns 46,534 shares of the investment management company’s stock worth $383,000 after buying an additional 1,716 shares in the last quarter. Finally, HBK Sorce Advisory LLC raised its position in shares of DNP Select Income Fund by 13.0% in the first quarter. HBK Sorce Advisory LLC now owns 20,840 shares of the investment management company’s stock valued at $189,000 after buying an additional 2,401 shares during the last quarter. 8.51% of the stock is owned by hedge funds and other institutional investors.

DNP Select Income Fund Price Performance

NYSE:DNP opened at $9.24 on Friday. DNP Select Income Fund Inc. has a twelve month low of $8.02 and a twelve month high of $10.04. The company’s 50-day moving average price is $9.64 and its 200-day moving average price is $9.06.

DNP Select Income Fund Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, November 12th. Shareholders of record on Friday, November 1st were paid a $0.065 dividend. This represents a yield of 8.15%. The ex-dividend date of this dividend was 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.