First National Advisers LLC Makes New Investment in DNP Select Income Fund Inc. (NYSE:DNP)

First National Advisers LLC bought a new position in DNP Select Income Fund Inc. (NYSE:DNP) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 10,059 shares of the investment management company’s stock, valued at approximately $89,000.

A number of other large investors have also added to or reduced their stakes in the stock. GWN Securities Inc. bought a new stake in DNP Select Income Fund in the 4th quarter worth approximately $463,000. Commonwealth Equity Services LLC grew its position in DNP Select Income Fund by 5.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 1,159,114 shares of the investment management company’s stock worth $10,223,000 after purchasing an additional 60,825 shares during the period. HBK Sorce Advisory LLC boosted its stake in shares of DNP Select Income Fund by 10.0% during the 4th quarter. HBK Sorce Advisory LLC now owns 21,160 shares of the investment management company’s stock worth $187,000 after acquiring an additional 1,924 shares during the last quarter. Essential Planning LLC. purchased a new position in shares of DNP Select Income Fund during the 4th quarter worth $1,440,000. Finally, Farther Finance Advisors LLC boosted its stake in shares of DNP Select Income Fund by 1,030.1% during the 4th quarter. Farther Finance Advisors LLC now owns 18,386 shares of the investment management company’s stock worth $162,000 after acquiring an additional 16,759 shares during the last quarter. Institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Trading Up 0.7 %

Shares of DNP Select Income Fund stock opened at $9.50 on Monday. The company’s fifty day simple moving average is $9.38 and its 200-day simple moving average is $9.45. DNP Select Income Fund Inc. has a 1-year low of $8.02 and a 1-year high of $10.04.

DNP Select Income Fund Dividend Announcement

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

Insider Transactions 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 on Wednesday, February 19th. The shares were sold at an average price of $9.41, for a total transaction of $107,189.31. Following the transaction, the director now owns 5,344 shares in the company, valued at $50,287.04. This trade represents a 68.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.06% of the company’s stock.

DNP Select Income Fund 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.