DNP Select Income Fund Inc. (NYSE:DNP) CEO Acquires $19,200.00 in Stock

DNP Select Income Fund Inc. (NYSE:DNP) CEO David D. Jr. Grumhaus purchased 2,000 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were acquired at an average price of $9.60 per share, with a total value of $19,200.00. Following the purchase, the chief executive officer now directly owns 8,361 shares in the company, valued at $80,265.60. This represents a 31.44 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

DNP Select Income Fund Trading Up 0.5 %

Shares of DNP stock opened at $9.65 on Friday. DNP Select Income Fund Inc. has a fifty-two week low of $8.02 and a fifty-two week high of $10.04. The stock has a 50 day moving average price of $9.60 and a two-hundred day moving average price of $9.10.

DNP Select Income Fund Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, November 12th. Investors of record on Friday, November 1st were paid a $0.065 dividend. The ex-dividend date was Thursday, October 31st. This represents a dividend yield of 8.15%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in DNP. Cetera Investment Advisers grew its stake in shares of DNP Select Income Fund by 571.5% in the first quarter. Cetera Investment Advisers now owns 1,228,662 shares of the investment management company’s stock worth $11,144,000 after acquiring an additional 1,045,691 shares during the last quarter. IHT Wealth Management LLC raised its position in shares of DNP Select Income Fund by 257.6% in the 3rd quarter. IHT Wealth Management LLC now owns 425,789 shares of the investment management company’s stock worth $4,275,000 after purchasing an additional 306,712 shares during the last quarter. Wolverine Asset Management LLC grew its position in DNP Select Income Fund by 5,329.4% during the 2nd quarter. Wolverine Asset Management LLC now owns 231,293 shares of the investment management company’s stock valued at $1,901,000 after purchasing an additional 227,033 shares during the last quarter. J.W. Cole Advisors Inc. grew its position in DNP Select Income Fund by 43.4% during 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 purchasing an additional 187,939 shares during the last quarter. Finally, Barclays PLC bought a new stake in DNP Select Income Fund during the 3rd quarter valued at about $1,205,000. Hedge funds and other institutional investors own 8.51% of the company’s stock.

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.