MML Investors Services LLC Has $2.10 Million Holdings in DNP Select Income Fund Inc. (NYSE:DNP)

MML Investors Services LLC lifted its stake in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 2.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 182,458 shares of the investment management company’s stock after buying an additional 4,451 shares during the quarter. MML Investors Services LLC owned approximately 0.06% of DNP Select Income Fund worth $2,104,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. American Financial Advisors LLC lifted its stake in DNP Select Income Fund by 673.3% in the first quarter. American Financial Advisors LLC now owns 1,195,887 shares of the investment management company’s stock valued at $13,788,000 after buying an additional 1,041,230 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in DNP Select Income Fund by 35.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 765,934 shares of the investment management company’s stock valued at $8,831,000 after buying an additional 200,513 shares during the last quarter. Sound View Wealth Advisors LLC bought a new stake in DNP Select Income Fund in the fourth quarter valued at $1,700,000. Shulman DeMeo Asset Management LLC bought a new stake in DNP Select Income Fund in the fourth quarter valued at $1,565,000. Finally, Stephens Inc. AR bought a new stake in DNP Select Income Fund in the first quarter valued at $1,240,000. 4.71% of the stock is owned by institutional investors and hedge funds.

DNP stock traded down $0.05 during mid-day trading on Monday, reaching $11.77. The company had a trading volume of 276,800 shares, compared to its average volume of 358,256. DNP Select Income Fund Inc. has a one year low of $10.00 and a one year high of $11.95. The business has a 50-day moving average price of $11.70.

The business also recently announced a monthly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Monday, September 30th will be paid a $0.065 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 6.63%. The ex-dividend date is Friday, September 27th.

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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