DNP Select Income Fund Inc. (NYSE:DNP) Shares Bought by Guggenheim Capital LLC

Guggenheim Capital LLC boosted its stake in DNP Select Income Fund Inc. (NYSE:DNP - Free Report) by 55.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 129,761 shares of the investment management company's stock after buying an additional 46,173 shares during the period. Guggenheim Capital LLC's holdings in DNP Select Income Fund were worth $1,144,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Crews Bank & Trust purchased a new stake in shares of DNP Select Income Fund during the 4th quarter worth $29,000. UMB Bank n.a. acquired a new position in DNP Select Income Fund in the fourth quarter valued at $34,000. Tandem Financial LLC purchased a new stake in DNP Select Income Fund during the 4th quarter valued at approximately $34,000. Golden State Wealth Management LLC acquired a new stake in shares of DNP Select Income Fund during the fourth quarter worth $35,000. Finally, Sandy Spring Bank boosted its holdings in shares of DNP Select Income Fund by 141.4% in the fourth quarter. Sandy Spring Bank now owns 4,951 shares of the investment management company's stock valued at $44,000 after acquiring an additional 2,900 shares in the last quarter. Hedge funds and other institutional investors own 8.51% of the company's stock.

Insider Buying and Selling at DNP Select Income Fund

In other news, Director Geraldine M. Mcnamara sold 11,391 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $9.41, for a total value of $107,189.31. Following the sale, the director now directly owns 5,344 shares in the company, valued at $50,287.04. This represents a 68.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.06% of the stock is currently owned by corporate insiders.

DNP Select Income Fund Stock Performance

Shares of DNP stock traded down $0.02 during trading hours on Friday, reaching $9.53. 451,918 shares of the company's stock were exchanged, compared to its average volume of 693,851. The company's 50 day moving average is $9.48 and its two-hundred day moving average is $9.40. DNP Select Income Fund Inc. has a 1 year low of $8.02 and a 1 year high of $10.04.

DNP Select Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, May 12th. Stockholders of record on Wednesday, April 30th will be issued a $0.065 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 8.18%.

DNP Select Income Fund Company 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.