DNP Select Income Fund Inc. (NYSE:DNP) Shares Acquired by World Equity Group Inc.

World Equity Group Inc. increased its holdings in DNP Select Income Fund Inc. (NYSE:DNP) by 14.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,232 shares of the investment management company’s stock after acquiring an additional 7,296 shares during the quarter. World Equity Group Inc.’s holdings in DNP Select Income Fund were worth $514,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of DNP. Creative Planning increased its holdings in shares of DNP Select Income Fund by 93.8% in the 3rd quarter. Creative Planning now owns 148,984 shares of the investment management company’s stock valued at $1,496,000 after acquiring an additional 72,100 shares during the period. Raymond James & Associates increased its holdings in shares of DNP Select Income Fund by 4.9% in the 3rd quarter. Raymond James & Associates now owns 565,350 shares of the investment management company’s stock valued at $5,676,000 after acquiring an additional 26,351 shares during the period. PFG Investments LLC increased its holdings in shares of DNP Select Income Fund by 12.8% in the 3rd quarter. PFG Investments LLC now owns 52,485 shares of the investment management company’s stock valued at $527,000 after acquiring an additional 5,951 shares during the period. J.W. Cole Advisors Inc. grew its position in DNP Select Income Fund by 43.4% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 621,270 shares of the investment management company’s stock valued at $6,238,000 after buying an additional 187,939 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position in DNP Select Income Fund by 4.1% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,292,204 shares of the investment management company’s stock valued at $12,974,000 after buying an additional 50,425 shares during the last quarter. 8.51% of the stock is owned by institutional investors and hedge funds.

DNP Select Income Fund Price Performance

Shares of DNP opened at $9.46 on Monday. The company’s fifty day moving average is $9.23 and its two-hundred day moving average is $9.41. DNP Select Income Fund Inc. has a 1 year low of $8.02 and a 1 year high of $10.04.

DNP Select Income Fund Announces Dividend

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

Insider Buying and Selling at DNP Select Income Fund

In other DNP Select Income Fund news, Director Geraldine M. Mcnamara sold 11,391 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $9.41, for a total value of $107,189.31. Following the transaction, the director now directly owns 5,344 shares of the company’s stock, valued at approximately $50,287.04. The trade was a 68.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.06% of the stock is currently owned by corporate 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.