Two West Capital Advisors LLC Makes New Investment in DNP Select Income Fund Inc. (NYSE:DNP)

Two West Capital Advisors LLC acquired a new position in shares of DNP Select Income Fund Inc. (NYSE:DNP) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 12,464 shares of the investment management company’s stock, valued at approximately $115,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Strategic Financial Concepts LLC purchased a new position in DNP Select Income Fund during the 4th quarter valued at about $349,000. Golden State Wealth Management LLC purchased a new position in DNP Select Income Fund during the 4th quarter valued at about $35,000. Gladstone Institutional Advisory LLC grew its stake in DNP Select Income Fund by 5.7% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 62,019 shares of the investment management company’s stock valued at $547,000 after acquiring an additional 3,348 shares in the last quarter. Kentucky Trust Co purchased a new position in DNP Select Income Fund during the 4th quarter valued at about $5,598,000. Finally, Asset Planning Inc purchased a new position in DNP Select Income Fund during the 4th quarter valued at about $178,000. Institutional investors and hedge funds own 8.51% of the company’s stock.

DNP Select Income Fund Stock Up 0.4%

NYSE:DNP opened at $9.75 on Thursday. DNP Select Income Fund Inc. has a fifty-two week low of $8.02 and a fifty-two week high of $10.04. The stock’s 50-day moving average is $9.57 and its two-hundred day moving average is $9.44.

DNP Select Income Fund Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, June 10th. Shareholders of record on Monday, June 2nd were paid 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 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.