Strategic Financial Concepts LLC Takes Position in DNP Select Income Fund Inc. (NYSE:DNP)

Strategic Financial Concepts LLC acquired a new stake in shares of DNP Select Income Fund Inc. (NYSE:DNP - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 39,577 shares of the investment management company's stock, valued at approximately $349,000.

A number of other hedge funds also recently bought and sold shares of the company. GPS Wealth Strategies Group LLC grew its holdings in DNP Select Income Fund by 11.4% during the fourth 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 last quarter. OneDigital Investment Advisors LLC raised its stake in shares of DNP Select Income Fund by 11.2% in the 3rd 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 in the last quarter. First Heartland Consultants Inc. boosted its position in shares of DNP Select Income Fund by 0.5% during the 3rd quarter. First Heartland Consultants Inc. now owns 277,516 shares of the investment management company's stock valued at $2,789,000 after acquiring an additional 1,363 shares in the last quarter. Stratos Wealth Advisors LLC increased its stake in DNP Select Income Fund by 0.7% in the fourth quarter. Stratos Wealth Advisors LLC now owns 240,976 shares of the investment management company's stock valued at $2,125,000 after acquiring an additional 1,749 shares during the period. Finally, Geneos Wealth Management Inc. increased its stake in DNP Select Income Fund by 62.8% in the fourth quarter. Geneos Wealth Management Inc. now owns 6,024 shares of the investment management company's stock valued at $53,000 after acquiring an additional 2,324 shares during the period. 8.51% of the stock is owned by hedge funds and other institutional investors.

DNP Select Income Fund Price Performance

DNP Select Income Fund stock traded up $0.01 during trading hours on Friday, hitting $9.46. 506,980 shares of the stock were exchanged, compared to its average volume of 668,735. DNP Select Income Fund Inc. has a 12 month low of $8.02 and a 12 month high of $10.04. The business's 50-day moving average is $9.22 and its two-hundred day moving average is $9.40.

DNP Select Income Fund Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, February 10th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.065 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a yield of 8.24%.

Insiders Place Their Bets

In other news, Director Geraldine M. Mcnamara sold 11,391 shares of DNP Select Income Fund stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $9.41, for a total value of $107,189.31. Following the completion of the sale, the director now directly owns 5,344 shares of the company's stock, valued at approximately $50,287.04. This trade represents a 68.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.06% of the company's stock.

About DNP Select Income Fund

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.