Apollon Wealth Management LLC Purchases 11,890 Shares of DNP Select Income Fund Inc. (NYSE:DNP)

Apollon Wealth Management LLC raised its position in DNP Select Income Fund Inc. (NYSE:DNP) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 864,905 shares of the investment management company’s stock after purchasing an additional 11,890 shares during the quarter. Apollon Wealth Management LLC’s holdings in DNP Select Income Fund were worth $7,628,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Truist Financial Corp boosted its position in DNP Select Income Fund by 18.9% during the 2nd quarter. Truist Financial Corp now owns 90,605 shares of the investment management company’s stock worth $745,000 after acquiring an additional 14,434 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in DNP Select Income Fund during the second quarter worth $557,000. CWM LLC boosted its holdings in DNP Select Income Fund by 20.5% during the third quarter. CWM LLC now owns 27,761 shares of the investment management company’s stock worth $279,000 after purchasing an additional 4,714 shares during the last quarter. Cerro Pacific Wealth Advisors LLC acquired a new position in DNP Select Income Fund during the third quarter worth $181,000. Finally, Concourse Financial Group Securities Inc. grew its position in DNP Select Income Fund by 71.5% in the third quarter. Concourse Financial Group Securities Inc. now owns 21,147 shares of the investment management company’s stock valued at $214,000 after purchasing an additional 8,816 shares in the last quarter. 8.51% of the stock is currently owned by institutional investors.

DNP Select Income Fund Price Performance

Shares of NYSE:DNP opened at $9.44 on Friday. The company’s 50-day moving average price is $9.23 and its two-hundred day moving average price is $9.37. DNP Select Income Fund Inc. has a one year low of $8.02 and a one year high of $10.04.

DNP Select Income Fund Dividend Announcement

The business also recently declared a dividend, which will be paid on Monday, February 10th. Shareholders of record on Monday, February 3rd will be paid a $0.065 dividend. The ex-dividend date is Friday, January 31st. This represents a 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.