Arlington Capital Management Inc. acquired a new stake in DNP Select Income Fund Inc. (NYSE:DNP - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 82,652 shares of the investment management company's stock, valued at approximately $729,000.
Several other institutional investors also recently modified their holdings of the company. Safe Harbor Fiduciary LLC bought a new position in DNP Select Income Fund during the third quarter worth about $28,000. Crews Bank & Trust bought a new position in shares of DNP Select Income Fund during the 4th quarter worth approximately $29,000. UMB Bank n.a. acquired a new position in shares of DNP Select Income Fund during the 4th quarter worth approximately $34,000. Tandem Financial LLC bought a new stake in DNP Select Income Fund in the 4th quarter valued at $34,000. Finally, Golden State Wealth Management LLC acquired a new stake in DNP Select Income Fund during the 4th quarter valued at $35,000. 8.51% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at DNP Select Income Fund
In related news, Director Geraldine M. Mcnamara sold 11,391 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $9.41, for a total value of $107,189.31. Following the transaction, the director now directly owns 5,344 shares in the company, valued at approximately $50,287.04. This represents a 68.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.06% of the stock is owned by corporate insiders.
DNP Select Income Fund Price Performance
Shares of DNP traded up $0.14 during trading hours on Friday, hitting $9.92. The company had a trading volume of 764,811 shares, compared to its average volume of 673,007. The business has a fifty day moving average of $9.47 and a 200-day moving average of $9.46. DNP Select Income Fund Inc. has a 12 month low of $8.02 and a 12 month high of $10.04.
DNP Select Income Fund Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.065 per share. The ex-dividend date is Monday, June 30th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 7.87%.
DNP Select Income Fund Profile
(
Free Report)
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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