Strategic Financial Concepts LLC purchased a new position in shares of DNP Select Income Fund Inc. (NYSE:DNP - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 39,577 shares of the investment management company's stock, valued at approximately $349,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. IHT Wealth Management LLC lifted 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 buying an additional 306,712 shares during the last quarter. J.W. Cole Advisors Inc. lifted its position in shares of DNP Select Income Fund by 43.4% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 621,270 shares of the investment management company's stock worth $6,238,000 after buying an additional 187,939 shares during the last quarter. Barclays PLC purchased a new stake in shares of DNP Select Income Fund during the 3rd quarter worth approximately $1,205,000. Thrivent Financial for Lutherans lifted its position in shares of DNP Select Income Fund by 350.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 135,695 shares of the investment management company's stock worth $1,363,000 after buying an additional 105,547 shares during the last quarter. Finally, Bard Financial Services Inc. purchased a new stake in shares of DNP Select Income Fund during the 4th quarter worth approximately $763,000. Institutional investors and hedge funds own 8.51% of the company's stock.
DNP Select Income Fund Stock Up 0.6 %
Shares of NYSE:DNP traded up $0.06 during trading on Friday, hitting $9.38. 480,293 shares of the company were exchanged, compared to its average volume of 609,685. DNP Select Income Fund Inc. has a 12-month low of $8.02 and a 12-month high of $10.04. The firm's 50 day moving average price is $9.22 and its 200-day moving average price is $9.40.
DNP Select Income Fund Announces Dividend
The firm also recently declared a dividend, which was paid on Monday, February 10th. Investors of record on Monday, February 3rd were given a $0.065 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a yield of 8.24%.
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.
Featured Articles
Before you consider DNP Select Income Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and DNP Select Income Fund wasn't on the list.
While DNP Select Income Fund currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
