DNP Select Income Fund Inc. (NYSE:DNP) Shares Acquired by Providence First Trust Co

Providence First Trust Co lifted its holdings in DNP Select Income Fund Inc. (NYSE:DNP) by 5.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,234 shares of the investment management company’s stock after purchasing an additional 3,876 shares during the quarter. Providence First Trust Co’s holdings in DNP Select Income Fund were worth $672,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kovack Advisors Inc. raised its stake in DNP Select Income Fund by 2.4% in the fourth quarter. Kovack Advisors Inc. now owns 50,329 shares of the investment management company’s stock valued at $444,000 after buying an additional 1,184 shares during the last quarter. Fjell Capital LLC acquired a new position in shares of DNP Select Income Fund during the fourth quarter valued at about $255,000. World Equity Group Inc. raised its position in shares of DNP Select Income Fund by 14.3% in the 4th quarter. World Equity Group Inc. now owns 58,232 shares of the investment management company’s stock valued at $514,000 after purchasing an additional 7,296 shares during the last quarter. Sigma Planning Corp raised its position in shares of DNP Select Income Fund by 7.1% in the 4th quarter. Sigma Planning Corp now owns 56,643 shares of the investment management company’s stock valued at $500,000 after purchasing an additional 3,758 shares during the last quarter. Finally, Winebrenner Capital Management LLC acquired a new stake in DNP Select Income Fund in the 4th quarter worth approximately $270,000. 8.51% of the stock is currently owned by hedge funds and other institutional investors.

DNP Select Income Fund Stock Performance

Shares of DNP Select Income Fund stock opened at $9.57 on Friday. The firm’s 50 day simple moving average is $9.27 and its two-hundred day simple moving average is $9.42. DNP Select Income Fund Inc. has a 12-month low of $8.02 and a 12-month high of $10.04.

DNP Select Income Fund Announces Dividend

The company also recently announced a dividend, which was paid on Monday, February 10th. Investors of record on Monday, February 3rd were given a $0.065 dividend. This represents a dividend yield of 8.24%. The ex-dividend date of this dividend was Friday, January 31st.

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 Company 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.