IHT Wealth Management LLC lessened its stake in DNP Select Income Fund Inc. (NYSE:DNP - Free Report) by 8.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 391,935 shares of the investment management company's stock after selling 33,854 shares during the period. IHT Wealth Management LLC owned 0.11% of DNP Select Income Fund worth $3,457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also modified their holdings of the company. Wolverine Asset Management LLC purchased a new stake in shares of DNP Select Income Fund during the fourth quarter worth about $2,915,000. Strategic Financial Concepts LLC purchased a new stake in shares of DNP Select Income Fund during the fourth quarter worth about $349,000. Barclays PLC purchased a new stake in shares of DNP Select Income Fund during the third quarter worth about $1,205,000. Keystone Financial Group purchased a new stake in shares of DNP Select Income Fund during the fourth quarter worth about $743,000. Finally, Bard Financial Services Inc. purchased a new stake in shares of DNP Select Income Fund during the fourth quarter worth about $763,000. Hedge funds and other institutional investors own 8.51% of the company's stock.
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 that occurred 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 sale, the director now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.06% of the stock is owned by insiders.
DNP Select Income Fund Price Performance
Shares of DNP stock traded down $0.02 during trading hours on Friday, reaching $9.53. 451,918 shares of the company's stock were exchanged, compared to its average volume of 694,885. DNP Select Income Fund Inc. has a 1 year low of $8.02 and a 1 year high of $10.04. The stock's fifty day moving average price is $9.48 and its two-hundred day moving average price is $9.39.
DNP Select Income Fund Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Monday, May 12th. Investors of record on Wednesday, April 30th will be given a $0.065 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $0.78 dividend on an annualized basis and a yield of 8.18%.
About DNP Select Income Fund
(
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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