Everstar Asset Management LLC acquired a new stake in DNP Select Income Fund Inc. (NYSE:DNP - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 108,185 shares of the investment management company's stock, valued at approximately $954,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Safe Harbor Fiduciary LLC purchased a new stake in shares of DNP Select Income Fund during the 3rd quarter worth approximately $28,000. Crews Bank & Trust purchased a new stake in DNP Select Income Fund in the fourth quarter valued at $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 position in shares of DNP Select Income Fund during the fourth quarter worth about $34,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of DNP Select Income Fund during the fourth quarter worth about $35,000. Institutional investors and hedge funds own 8.51% of the company's stock.
DNP Select Income Fund Price Performance
Shares of DNP stock traded down $0.52 during trading hours on Friday, hitting $9.07. The stock had a trading volume of 1,995,341 shares, compared to its average volume of 680,191. The stock's 50 day moving average is $9.50 and its 200 day moving average is $9.45. DNP Select Income Fund Inc. has a twelve month low of $8.02 and a twelve month high of $10.04.
DNP Select Income Fund Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Monday, May 12th. Investors of record on Wednesday, April 30th will be given a $0.065 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $0.78 dividend on an annualized basis and a yield of 8.60%.
Insider Buying and Selling at DNP Select Income Fund
In other news, Director Geraldine M. Mcnamara sold 11,391 shares of the company's stock in a transaction 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 transaction, the director now directly owns 5,344 shares of the company's stock, valued at $50,287.04. This represents a 68.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.06% of the stock is currently owned by corporate insiders.
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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