Focus Partners Wealth boosted its stake in shares of DNP Select Income Fund Inc. (NYSE:DNP - Free Report) by 108.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 123,966 shares of the investment management company's stock after buying an additional 64,631 shares during the period. Focus Partners Wealth's holdings in DNP Select Income Fund were worth $1,093,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Crews Bank & Trust purchased a new position in DNP Select Income Fund during the 4th quarter worth approximately $29,000. Tandem Financial LLC acquired a new stake in DNP Select Income Fund during the 4th quarter worth about $34,000. UMB Bank n.a. purchased a new position in DNP Select Income Fund during the 4th quarter valued at about $34,000. Golden State Wealth Management LLC acquired a new position in shares of DNP Select Income Fund in the 4th quarter valued at about $35,000. Finally, Sandy Spring Bank increased its holdings in shares of DNP Select Income Fund by 141.4% in the 4th quarter. Sandy Spring Bank now owns 4,951 shares of the investment management company's stock valued at $44,000 after purchasing an additional 2,900 shares during the period. 8.51% of the stock is owned by hedge funds and other institutional investors.
DNP Select Income Fund Stock Performance
Shares of DNP stock traded down $0.12 during trading on Wednesday, hitting $9.77. 524,279 shares of the company were exchanged, compared to its average volume of 680,354. The business's 50-day simple moving average is $9.54 and its 200 day simple moving average is $9.40. DNP Select Income Fund Inc. has a twelve month low of $8.02 and a twelve month high of $10.04.
DNP Select Income Fund Dividend Announcement
The business also recently announced a monthly dividend, which was paid on Monday, May 12th. Shareholders of record on Wednesday, April 30th were given a $0.065 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $0.78 dividend on an annualized basis and a yield of 7.99%.
DNP Select Income Fund Profile
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Free Report)
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.
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