Jane Street Group LLC acquired a new stake in DNP Select Income Fund Inc. (NYSE:DNP - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 34,160 shares of the investment management company's stock, valued at approximately $301,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tandem Financial LLC bought a new position in shares of DNP Select Income Fund during the 4th quarter valued at approximately $34,000. Golden State Wealth Management LLC bought a new position in shares of DNP Select Income Fund during the 4th quarter valued at approximately $35,000. Sandy Spring Bank grew its position in shares of DNP Select Income Fund by 141.4% during the 4th quarter. Sandy Spring Bank now owns 4,951 shares of the investment management company's stock valued at $44,000 after acquiring an additional 2,900 shares during the period. Lee Danner & Bass Inc. bought a new position in shares of DNP Select Income Fund during the 4th quarter valued at approximately $68,000. Finally, First National Advisers LLC bought a new position in shares of DNP Select Income Fund during the 4th quarter valued at approximately $89,000. 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 on Friday, reaching $9.72. 400,147 shares of the company traded hands, compared to its average volume of 672,197. DNP Select Income Fund Inc. has a 52 week low of $8.02 and a 52 week high of $10.04. The company has a 50 day moving average of $9.56 and a 200 day moving average of $9.44.
DNP Select Income Fund Dividend Announcement
The business also recently announced a dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.065 per share. This represents a dividend yield of 8%. The ex-dividend date is Friday, May 30th.
DNP Select Income Fund Company Profile
(
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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