Duff & Phelps Select Energy MLP Fund Inc (NYSE:DSE) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $4.60 and last traded at $4.69, with a volume of 6228 shares trading hands. The stock had previously closed at $4.95.
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 20th. Shareholders of record on Tuesday, November 13th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 12.47%. The ex-dividend date was Friday, November 9th.
A number of hedge funds and other institutional investors have recently made changes to their positions in DSE. NINE MASTS CAPITAL Ltd purchased a new stake in Duff & Phelps Select Energy MLP Fund in the second quarter valued at approximately $593,000. Raymond James & Associates raised its position in Duff & Phelps Select Energy MLP Fund by 38.0% in the second quarter. Raymond James & Associates now owns 31,597 shares of the company’s stock valued at $175,000 after purchasing an additional 8,694 shares during the period. Wolverine Asset Management LLC purchased a new stake in shares of Duff & Phelps Select Energy MLP Fund during the second quarter worth $1,431,000. Oppenheimer & Co. Inc. purchased a new stake in shares of Duff & Phelps Select Energy MLP Fund during the third quarter worth $124,000. Finally, Wells Fargo & Company MN increased its position in shares of Duff & Phelps Select Energy MLP Fund by 121.8% during the third quarter. Wells Fargo & Company MN now owns 227,457 shares of the company’s stock worth $1,381,000 after acquiring an additional 124,911 shares during the period.
Duff & Phelps Select Energy MLP Fund Inc is a closed-ended equity mutual fund launched by Virtus Investment Partners, Inc The fund is co-managed by Duff & Phelps Investment Management Co and Virtus Alternative Investment Advisers, Inc It invests in the public equity markets of the United States.
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