Raymond James Financial Inc. bought a new position in DNP Select Income Fund Inc. (NYSE:DNP - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 877,363 shares of the investment management company's stock, valued at approximately $7,738,000. Raymond James Financial Inc. owned 0.24% of DNP Select Income Fund at the end of the most recent quarter.
Several other large investors have also bought and sold shares of DNP. Safe Harbor Fiduciary LLC purchased a new position in shares of DNP Select Income Fund in the 3rd quarter worth about $28,000. Crews Bank & Trust purchased a new stake in DNP Select Income Fund during the fourth quarter valued at approximately $29,000. UMB Bank n.a. bought a new position in DNP Select Income Fund in the 4th quarter worth $34,000. Tandem Financial LLC bought a new position in shares of DNP Select Income Fund in the fourth quarter worth about $34,000. Finally, Golden State Wealth Management LLC purchased a new position in DNP Select Income Fund during the fourth quarter valued at approximately $35,000. 8.51% of the stock is owned by institutional investors.
DNP Select Income Fund Stock Up 1.2 %
Shares of DNP stock traded up $0.12 on Wednesday, hitting $9.77. 529,601 shares of the stock traded hands, compared to its average volume of 671,256. DNP Select Income Fund Inc. has a 52 week low of $8.02 and a 52 week high of $10.04. The firm has a 50 day simple moving average of $9.44 and a two-hundred day simple moving average of $9.45.
DNP Select Income Fund Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Thursday, July 10th. Investors of record on Monday, June 30th will be paid a dividend of $0.065 per share. This represents a $0.78 annualized dividend and a yield of 7.99%. The ex-dividend date is Monday, June 30th.
Insider Buying and Selling at DNP Select Income Fund
In other news, Director Geraldine M. Mcnamara sold 11,391 shares of the business's stock in a transaction dated 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. The trade was a 68.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.06% of the company's stock.
About DNP Select Income Fund
(
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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