DNP Select Income Fund Inc. (NYSE:DNP) Shares Bought by Harbour Investments Inc.

Key Points

• Harbour Investments Inc. increased its stake in DNP Select Income Fund Inc. by 90.3%, owning a total of 55,047 shares valued at approximately $544,000 after acquiring 26,126 shares in the first quarter.
• The stock of DNP Select Income Fund was trading at $9.79, reflecting a 0.6% decrease, with a 52-week range between $8.69 and $10.04.
• DNP Select Income Fund announced a monthly dividend of $0.065 per share, to be paid on October 10, with an annualized yield of 8.0%.

Harbour Investments Inc. lifted its position in DNP Select Income Fund Inc. (NYSE:DNP - Free Report) by 90.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 55,047 shares of the investment management company's stock after purchasing an additional 26,126 shares during the period. Harbour Investments Inc.'s holdings in DNP Select Income Fund were worth $544,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Private Trust Co. NA acquired a new stake in DNP Select Income Fund during the 1st quarter worth about $35,000. Sunbelt Securities Inc. acquired a new stake in DNP Select Income Fund during the 4th quarter worth about $34,000. IFP Advisors Inc boosted its stake in shares of DNP Select Income Fund by 25.6% during the 1st quarter. IFP Advisors Inc now owns 5,931 shares of the investment management company's stock worth $59,000 after acquiring an additional 1,210 shares in the last quarter. NBC Securities Inc. boosted its stake in shares of DNP Select Income Fund by 612,300.0% during the 1st quarter. NBC Securities Inc. now owns 6,124 shares of the investment management company's stock worth $60,000 after acquiring an additional 6,123 shares in the last quarter. Finally, Menard Financial Group LLC purchased a new stake in shares of DNP Select Income Fund during the 4th quarter worth about $55,000. Hedge funds and other institutional investors own 8.51% of the company's stock.

DNP Select Income Fund Trading Down 0.3%

DNP Select Income Fund stock traded down $0.03 during midday trading on Friday, reaching $9.81. The company had a trading volume of 340,975 shares, compared to its average volume of 619,622. DNP Select Income Fund Inc. has a 12-month low of $8.69 and a 12-month high of $10.04. The firm's fifty day simple moving average is $9.75 and its 200-day simple moving average is $9.59.

DNP Select Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, October 10th. Investors of record on Tuesday, September 30th will be issued a $0.065 dividend. This represents a c) annualized dividend and a yield of 8.0%. The ex-dividend date is Tuesday, September 30th.

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.