Wedbush Securities Inc. Boosts Stock Position in DNP Select Income Fund Inc. (NYSE:DNP)

Wedbush Securities Inc. grew its stake in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 148.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 147,140 shares of the investment management company’s stock after buying an additional 87,977 shares during the period. Wedbush Securities Inc.’s holdings in DNP Select Income Fund were worth $1,892,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. CENTRAL TRUST Co lifted its position in shares of DNP Select Income Fund by 63.1% during the 2nd quarter. CENTRAL TRUST Co now owns 3,261 shares of the investment management company’s stock valued at $39,000 after buying an additional 1,261 shares in the last quarter. Providence First Trust Co lifted its holdings in DNP Select Income Fund by 2.1% in the 2nd quarter. Providence First Trust Co now owns 83,567 shares of the investment management company’s stock worth $988,000 after purchasing an additional 1,728 shares in the last quarter. Mascoma Wealth Management LLC lifted its holdings in DNP Select Income Fund by 2.2% in the 2nd quarter. Mascoma Wealth Management LLC now owns 95,561 shares of the investment management company’s stock worth $1,130,000 after purchasing an additional 2,030 shares in the last quarter. Roman Butler Fullerton & Co. lifted its holdings in DNP Select Income Fund by 8.7% in the 2nd quarter. Roman Butler Fullerton & Co. now owns 26,956 shares of the investment management company’s stock worth $319,000 after purchasing an additional 2,153 shares in the last quarter. Finally, Rothschild Investment Corp IL lifted its holdings in DNP Select Income Fund by 9.3% in the 2nd quarter. Rothschild Investment Corp IL now owns 29,373 shares of the investment management company’s stock worth $347,000 after purchasing an additional 2,500 shares in the last quarter. 4.71% of the stock is currently owned by hedge funds and other institutional investors.

NYSE DNP traded up $0.08 during trading hours on Friday, reaching $12.75. The company’s stock had a trading volume of 6,720 shares, compared to its average volume of 313,339. The firm’s 50-day moving average price is $12.78 and its 200-day moving average price is $12.06. DNP Select Income Fund Inc. has a 1 year low of $10.00 and a 1 year high of $12.99.

The firm also recently declared a — dividend, which will be paid on Friday, January 10th. Investors of record on Tuesday, December 31st will be issued a $0.065 dividend. The ex-dividend date is Monday, December 30th. This represents a yield of 6%.

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.

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Institutional Ownership by Quarter for DNP Select Income Fund (NYSE:DNP)

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