Virtu Financial LLC purchased a new position in shares of DNP Select Income Fund Inc. (NYSE:DNP - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 50,299 shares of the investment management company's stock, valued at approximately $444,000.
A number of other hedge funds have also recently made changes to their positions in the business. Lee Danner & Bass Inc. purchased a new stake in DNP Select Income Fund during the 4th quarter valued at $68,000. Sandy Spring Bank lifted its holdings in DNP Select Income Fund by 141.4% in the 4th quarter. Sandy Spring Bank now owns 4,951 shares of the investment management company's stock worth $44,000 after buying an additional 2,900 shares during the period. Thrivent Financial for Lutherans raised its holdings in shares of DNP Select Income Fund by 3.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 139,862 shares of the investment management company's stock valued at $1,243,000 after acquiring an additional 4,167 shares in the last quarter. First National Advisers LLC bought a new stake in DNP Select Income Fund in the fourth quarter valued at $89,000. Finally, GWN Securities Inc. bought a new position in DNP Select Income Fund in the 4th quarter worth $463,000. 8.51% of the stock is currently owned by institutional investors.
DNP Select Income Fund Trading Up 1.4 %
Shares of DNP traded up $0.14 during trading hours on Friday, reaching $9.92. 764,811 shares of the company traded hands, compared to its average volume of 673,007. DNP Select Income Fund Inc. has a 12 month low of $8.02 and a 12 month high of $10.04. The company's fifty day moving average price is $9.47 and its two-hundred day moving average price is $9.45.
DNP Select Income Fund Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Monday, June 30th will be given a $0.065 dividend. This represents a $0.78 annualized dividend and a dividend yield of 7.87%. The ex-dividend date of this dividend is Monday, June 30th.
Insider Activity
In other news, Director Geraldine M. Mcnamara sold 11,391 shares of the company'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 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 filing with the Securities & Exchange Commission, which is available through the SEC website. 0.06% of the stock is currently owned by company insiders.
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.
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