DNP Select Income Fund Inc. (NYSE:DNP) Shares Purchased by Cohen & Steers Inc.

Cohen & Steers Inc. boosted its holdings in shares of DNP Select Income Fund Inc. (NYSE:DNP - Free Report) by 104.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 360,387 shares of the investment management company's stock after acquiring an additional 184,064 shares during the period. Cohen & Steers Inc. owned 0.10% of DNP Select Income Fund worth $3,179,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in DNP. Keystone Financial Group purchased a new position in DNP Select Income Fund in the fourth quarter worth about $743,000. Rockefeller Capital Management L.P. boosted its stake in DNP Select Income Fund by 0.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 176,602 shares of the investment management company's stock valued at $1,558,000 after buying an additional 1,413 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of DNP Select Income Fund in the fourth quarter valued at $7,738,000. Envestnet Asset Management Inc. increased its stake in DNP Select Income Fund by 14.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 149,600 shares of the investment management company's stock worth $1,319,000 after acquiring an additional 18,766 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of DNP Select Income Fund by 995.9% in the fourth quarter. Wells Fargo & Company MN now owns 1,578,766 shares of the investment management company's stock valued at $13,925,000 after acquiring an additional 1,434,708 shares during the period. Hedge funds and other institutional investors own 8.51% of the company's stock.

DNP Select Income Fund Stock Up 1.3 %

NYSE DNP traded up $0.13 during trading on Friday, hitting $9.46. The stock had a trading volume of 540,326 shares, compared to its average volume of 693,318. The stock has a 50 day simple moving average of $9.47 and a 200 day simple moving average of $9.40. 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 firm also recently disclosed a monthly dividend, which will be paid on Monday, May 12th. Shareholders of record on Wednesday, April 30th will be given a $0.065 dividend. This represents a $0.78 annualized dividend and a yield of 8.25%. The ex-dividend date is Wednesday, April 30th.

Insiders Place Their Bets

In other news, Director Geraldine M. Mcnamara sold 11,391 shares of DNP Select Income Fund stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $9.41, for a total transaction of $107,189.31. Following the completion of the sale, the director now owns 5,344 shares of the company's stock, valued at approximately $50,287.04. The trade was 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. Insiders own 0.06% of the company's stock.

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.