Tortoise Investment Management LLC Acquires 1,220 Shares of DNP Select Income Fund Inc. (NYSE:DNP)

Tortoise Investment Management LLC boosted its holdings in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 61,439 shares of the investment management company’s stock after buying an additional 1,220 shares during the quarter. Tortoise Investment Management LLC’s holdings in DNP Select Income Fund were worth $542,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new stake in DNP Select Income Fund during the fourth quarter valued at approximately $7,738,000. Apollon Wealth Management LLC grew its position in DNP Select Income Fund by 1.4% during the fourth quarter. Apollon Wealth Management LLC now owns 864,905 shares of the investment management company’s stock valued at $7,628,000 after buying an additional 11,890 shares during the period. J.W. Cole Advisors Inc. grew its position in DNP Select Income Fund by 23.4% during the fourth quarter. J.W. Cole Advisors Inc. now owns 766,719 shares of the investment management company’s stock valued at $6,762,000 after buying an additional 145,449 shares during the period. Kentucky Trust Co bought a new stake in DNP Select Income Fund during the fourth quarter valued at approximately $5,598,000. Finally, IHT Wealth Management LLC grew its position in DNP Select Income Fund by 257.6% during the third quarter. IHT Wealth Management LLC now owns 425,789 shares of the investment management company’s stock valued at $4,275,000 after buying an additional 306,712 shares during the period. 8.51% of the stock is currently owned by institutional investors.

DNP Select Income Fund Trading Up 0.7 %

DNP opened at $9.54 on Tuesday. DNP Select Income Fund Inc. has a 1-year low of $8.02 and a 1-year high of $10.04. The company has a 50 day simple moving average of $9.33 and a two-hundred day simple moving average of $9.44.

DNP Select Income Fund Announces Dividend

The company also recently declared a dividend, which was paid on Monday, February 10th. Shareholders 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 dividend yield of 8.24%.

Insiders Place Their Bets

In other DNP Select Income Fund news, Director Geraldine M. Mcnamara sold 11,391 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $9.41, for a total value of $107,189.31. Following the completion of the transaction, the director now directly owns 5,344 shares in the company, valued at $50,287.04. This represents a 68.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.