Shares of DNP Select Income Fund Inc. (NYSE:DNP - Get Free Report) saw unusually-high trading volume on Friday . Approximately 765,235 shares changed hands during mid-day trading, an increase of 10% from the previous session's volume of 695,703 shares.The stock last traded at $9.17 and had previously closed at $8.93.
DNP Select Income Fund Trading Up 3.4 %
The company's 50-day simple moving average is $9.29 and its 200 day simple moving average is $9.20.
DNP Select Income Fund Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 31st will be given a dividend of $0.065 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.78 dividend on an annualized basis and a yield of 8.45%.
Hedge Funds Weigh In On DNP Select Income Fund
Several institutional investors and hedge funds have recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of DNP Select Income Fund by 13.5% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 9,647 shares of the investment management company's stock valued at $79,000 after purchasing an additional 1,150 shares during the last quarter. OneDigital Investment Advisors LLC raised its stake in DNP Select Income Fund by 11.2% in the third quarter. OneDigital Investment Advisors LLC now owns 12,508 shares of the investment management company's stock valued at $126,000 after buying an additional 1,263 shares during the last quarter. First Heartland Consultants Inc. boosted its holdings in DNP Select Income Fund by 0.5% in the third quarter. First Heartland Consultants Inc. now owns 277,516 shares of the investment management company's stock worth $2,789,000 after acquiring an additional 1,363 shares in the last quarter. PFG Investments LLC boosted its holdings in DNP Select Income Fund by 3.8% in the second quarter. PFG Investments LLC now owns 46,534 shares of the investment management company's stock worth $383,000 after acquiring an additional 1,716 shares in the last quarter. Finally, MAS Advisors LLC grew its stake in shares of DNP Select Income Fund by 2.6% during the second quarter. MAS Advisors LLC now owns 99,926 shares of the investment management company's stock worth $821,000 after acquiring an additional 2,576 shares during the last quarter. 8.51% of the stock is owned by hedge funds and other institutional investors.
About DNP Select Income Fund
(
Get 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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