Essential Planning LLC. acquired a new stake in DNP Select Income Fund Inc. (NYSE:DNP - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 152,750 shares of the investment management company's stock, valued at approximately $1,440,000.
A number of other hedge funds have also modified their holdings of the stock. Raymond James Financial Inc. bought a new stake in DNP Select Income Fund in the fourth quarter valued at $7,738,000. Kentucky Trust Co acquired a new stake in shares of DNP Select Income Fund in the 4th quarter valued at $5,598,000. Wolverine Asset Management LLC bought a new stake in shares of DNP Select Income Fund in the 4th quarter worth about $2,915,000. IHT Wealth Management LLC increased its position in shares of DNP Select Income Fund by 257.6% during the 3rd quarter. IHT Wealth Management LLC now owns 425,789 shares of the investment management company's stock worth $4,275,000 after purchasing an additional 306,712 shares in the last quarter. Finally, J.W. Cole Advisors Inc. increased its position in shares of DNP Select Income Fund by 23.4% during the 4th quarter. J.W. Cole Advisors Inc. now owns 766,719 shares of the investment management company's stock worth $6,762,000 after purchasing an additional 145,449 shares in the last quarter. 8.51% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
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 transaction of $107,189.31. Following the transaction, the director now owns 5,344 shares in the company, valued at $50,287.04. This represents a 68.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.06% of the stock is owned by corporate insiders.
DNP Select Income Fund Price Performance
NYSE:DNP traded up $0.07 on Friday, reaching $9.50. The stock had a trading volume of 533,659 shares, compared to its average volume of 674,375. DNP Select Income Fund Inc. has a 1-year low of $8.02 and a 1-year high of $10.04. The stock has a fifty day moving average price of $9.38 and a 200-day moving average price of $9.45.
DNP Select Income Fund Dividend Announcement
The firm also recently announced a dividend, which was paid on Monday, February 10th. Stockholders of record on Monday, February 3rd were issued a $0.065 dividend. This represents a dividend yield of 8.24%. The ex-dividend date of this dividend was Friday, January 31st.
DNP Select Income Fund Company 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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