Stratos Wealth Advisors LLC Boosts Stock Holdings in DNP Select Income Fund Inc. (NYSE:DNP)

Stratos Wealth Advisors LLC raised its holdings in DNP Select Income Fund Inc. (NYSE:DNP) by 0.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 240,976 shares of the investment management company’s stock after purchasing an additional 1,749 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in DNP Select Income Fund were worth $2,125,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DNP. Truist Financial Corp boosted its stake in shares of DNP Select Income Fund by 18.9% in the second quarter. Truist Financial Corp now owns 90,605 shares of the investment management company’s stock valued at $745,000 after buying an additional 14,434 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in DNP Select Income Fund in the second quarter valued at $557,000. Axiom Advisory LLC boosted its position in shares of DNP Select Income Fund by 1.6% during the 3rd quarter. Axiom Advisory LLC now owns 214,400 shares of the investment management company’s stock worth $1,960,000 after purchasing an additional 3,350 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new position in shares of DNP Select Income Fund during the 3rd quarter worth $50,000. Finally, CWM LLC increased its holdings in shares of DNP Select Income Fund by 20.5% in the 3rd quarter. CWM LLC now owns 27,761 shares of the investment management company’s stock valued at $279,000 after purchasing an additional 4,714 shares in the last quarter. Institutional investors and hedge funds own 8.51% of the company’s stock.

DNP Select Income Fund Trading Up 0.6 %

Shares of NYSE DNP opened at $9.39 on Thursday. DNP Select Income Fund Inc. has a 52 week low of $8.02 and a 52 week high of $10.04. The firm has a 50-day moving average price of $9.23 and a 200 day moving average price of $9.36.

DNP Select Income Fund Dividend Announcement

The business also recently declared a dividend, which will be paid on Monday, February 10th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.065 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a dividend yield of 8.24%.

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.