Boyd Watterson Asset Management LLC OH Buys 10,369 Shares of DNP Select Income Fund Inc. (NYSE:DNP)

Boyd Watterson Asset Management LLC OH lifted its stake in DNP Select Income Fund Inc. (NYSE:DNP) by 16.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 72,654 shares of the investment management company’s stock after buying an additional 10,369 shares during the period. Boyd Watterson Asset Management LLC OH’s holdings in DNP Select Income Fund were worth $641,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Safe Harbor Fiduciary LLC acquired a new position in DNP Select Income Fund in the 3rd quarter valued at approximately $28,000. Crews Bank & Trust bought a new stake in DNP Select Income Fund in the 4th quarter valued at $29,000. UMB Bank n.a. bought a new position in shares of DNP Select Income Fund during the 4th quarter worth about $34,000. Tandem Financial LLC acquired a new stake in shares of DNP Select Income Fund during the 4th quarter valued at about $34,000. Finally, Golden State Wealth Management LLC acquired a new position in DNP Select Income Fund in the fourth quarter worth about $35,000. 8.51% of the stock is owned by institutional investors and hedge funds.

DNP Select Income Fund Trading Up 0.1 %

DNP stock opened at $9.46 on Friday. DNP Select Income Fund Inc. has a 1-year low of $8.02 and a 1-year high of $10.04. The business’s 50 day moving average is $9.23 and its 200-day moving average is $9.41.

DNP Select Income Fund Announces Dividend

The business 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%.

Insider Buying and Selling at DNP Select Income Fund

In related news, Director Geraldine M. Mcnamara sold 11,391 shares of the 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 sale, the director now directly owns 5,344 shares in the company, valued at $50,287.04. This represents a 68.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.06% of the company’s stock.

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.