DNP Select Income Fund Inc. (NYSE:DNP) Shares Bought by Investment Partners LTD.

Investment Partners LTD. lifted its position in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 9.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 53,131 shares of the investment management company’s stock after acquiring an additional 4,375 shares during the period. Investment Partners LTD.’s holdings in DNP Select Income Fund were worth $469,000 at the end of the most recent reporting period.

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

DNP Select Income Fund Price Performance

DNP Select Income Fund stock opened at $9.57 on Monday. DNP Select Income Fund Inc. has a fifty-two week low of $8.02 and a fifty-two week high of $10.04. The stock has a fifty day moving average of $9.28 and a two-hundred day moving average of $9.43.

DNP Select Income Fund Dividend Announcement

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

Insider Activity at DNP Select Income Fund

In other news, Director Geraldine M. Mcnamara sold 11,391 shares of DNP Select Income Fund stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $9.41, for a total transaction of $107,189.31. Following the completion of the sale, the director now directly owns 5,344 shares in the company, valued at $50,287.04. The trade was a 68.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.06% of the stock is currently owned by corporate insiders.

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.