DNP Select Income Fund Inc. (NYSE:DNP) Shares Acquired by Baird Financial Group Inc.

Baird Financial Group Inc. grew its holdings in DNP Select Income Fund Inc. (NYSE:DNP - Free Report) by 7.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,571,899 shares of the investment management company's stock after purchasing an additional 115,109 shares during the quarter. Baird Financial Group Inc. owned approximately 0.42% of DNP Select Income Fund worth $13,864,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Barclays PLC purchased a new stake in shares of DNP Select Income Fund during the third quarter valued at about $1,205,000. Brookstone Capital Management lifted its position in DNP Select Income Fund by 12.7% during the fourth quarter. Brookstone Capital Management now owns 54,671 shares of the investment management company's stock valued at $482,000 after acquiring an additional 6,163 shares during the last quarter. Future Financial Wealth Managment LLC boosted its stake in DNP Select Income Fund by 160.0% in the fourth quarter. Future Financial Wealth Managment LLC now owns 13,000 shares of the investment management company's stock valued at $115,000 after acquiring an additional 8,000 shares in the last quarter. Miracle Mile Advisors LLC grew its holdings in DNP Select Income Fund by 100.2% in the fourth quarter. Miracle Mile Advisors LLC now owns 40,438 shares of the investment management company's stock worth $357,000 after purchasing an additional 20,238 shares during the last quarter. Finally, RDA Financial Network increased its position in shares of DNP Select Income Fund by 2.2% during the fourth quarter. RDA Financial Network now owns 113,638 shares of the investment management company's stock worth $1,002,000 after purchasing an additional 2,470 shares in the last quarter. Hedge funds and other institutional investors own 8.51% of the company's stock.

DNP Select Income Fund Stock Up 0.4 %

Shares of DNP Select Income Fund stock traded up $0.04 during trading on Friday, reaching $9.62. The company's stock had a trading volume of 335,338 shares, compared to its average volume of 693,215. 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 $9.51 and a two-hundred day simple moving average of $9.39.

DNP Select Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, May 12th. Stockholders of record on Wednesday, April 30th will be issued a dividend of $0.065 per share. The ex-dividend date is Wednesday, April 30th. This represents a $0.78 annualized dividend and a dividend yield of 8.11%.

Insider Activity at DNP Select Income Fund

In related news, Director Geraldine M. Mcnamara sold 11,391 shares of the company's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $9.41, for a total value of $107,189.31. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.06% of the stock is currently owned by insiders.

About DNP Select Income Fund

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.