StoneX Group Inc. Has $965,000 Stock Holdings in DNP Select Income Fund Inc. (NYSE:DNP)

StoneX Group Inc. boosted its position in shares of DNP Select Income Fund Inc. (NYSE:DNP - Free Report) by 192.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 109,144 shares of the investment management company's stock after purchasing an additional 71,823 shares during the quarter. StoneX Group Inc.'s holdings in DNP Select Income Fund were worth $965,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its holdings in shares of DNP Select Income Fund by 10.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 11,995 shares of the investment management company's stock valued at $106,000 after buying an additional 1,110 shares during the period. Kovack Advisors Inc. boosted its stake in DNP Select Income Fund by 2.4% in the 4th quarter. Kovack Advisors Inc. now owns 50,329 shares of the investment management company's stock worth $444,000 after purchasing an additional 1,184 shares during the period. Tortoise Investment Management LLC increased its holdings in DNP Select Income Fund by 2.0% during the 4th quarter. Tortoise Investment Management LLC now owns 61,439 shares of the investment management company's stock worth $542,000 after purchasing an additional 1,220 shares in the last quarter. GPS Wealth Strategies Group LLC raised its stake in shares of DNP Select Income Fund by 11.4% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 12,000 shares of the investment management company's stock valued at $106,000 after purchasing an additional 1,225 shares during the period. Finally, Hill Island Financial LLC lifted its holdings in shares of DNP Select Income Fund by 14.5% in the fourth quarter. Hill Island Financial LLC now owns 12,259 shares of the investment management company's stock valued at $108,000 after purchasing an additional 1,549 shares in the last quarter. Institutional investors own 8.51% of the company's stock.

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Insiders Place Their Bets

In other DNP Select Income Fund news, Director Geraldine M. Mcnamara sold 11,391 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The stock was 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 of the company's stock, valued at $50,287.04. The trade was a 68.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.06% of the company's stock.

DNP Select Income Fund Stock Down 5.4 %

Shares of NYSE:DNP traded down $0.52 during mid-day trading on Friday, reaching $9.07. 1,995,341 shares of the stock were exchanged, compared to its average volume of 681,238. The stock's 50 day simple moving average is $9.50 and its 200-day simple moving average is $9.45. DNP Select Income Fund Inc. has a one year low of $8.02 and a one year high of $10.04.

DNP Select Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, May 12th. Shareholders of record on Wednesday, April 30th will be paid a $0.065 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $0.78 annualized dividend and a yield of 8.60%.

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.