Essential Planning LLC. Acquires New Shares in DNP Select Income Fund Inc. (NYSE:DNP)

Essential Planning LLC. purchased a new stake in shares of DNP Select Income Fund Inc. (NYSE:DNP) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 152,750 shares of the investment management company’s stock, valued at approximately $1,440,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its holdings in DNP Select Income Fund by 10.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 11,995 shares of the investment management company’s stock worth $106,000 after purchasing an additional 1,110 shares during the period. Kovack Advisors Inc. raised its holdings in DNP Select Income Fund by 2.4% in the 4th quarter. Kovack Advisors Inc. now owns 50,329 shares of the investment management company’s stock worth $444,000 after purchasing an additional 1,184 shares during the period. Tortoise Investment Management LLC raised its holdings in DNP Select Income Fund by 2.0% in the 4th quarter. Tortoise Investment Management LLC now owns 61,439 shares of the investment management company’s stock worth $542,000 after purchasing an additional 1,220 shares during the period. GPS Wealth Strategies Group LLC raised its holdings in DNP Select Income Fund by 11.4% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 12,000 shares of the investment management company’s stock worth $106,000 after purchasing an additional 1,225 shares during the period. Finally, OneDigital Investment Advisors LLC raised its holdings in DNP Select Income Fund by 11.2% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 12,508 shares of the investment management company’s stock worth $126,000 after purchasing an additional 1,263 shares during the period. 8.51% of the stock is owned by institutional investors.

DNP Select Income Fund Stock Down 0.2 %

Shares of DNP Select Income Fund stock opened at $9.45 on Thursday. DNP Select Income Fund Inc. has a one year low of $8.02 and a one year high of $10.04. The stock’s fifty day moving average is $9.36 and its 200 day moving average is $9.45.

DNP Select Income Fund Dividend Announcement

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

Insiders Place Their Bets

In other DNP Select Income Fund news, Director Geraldine M. Mcnamara sold 11,391 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $9.41, for a total transaction of $107,189.31. Following the sale, the director now directly owns 5,344 shares of the company’s stock, valued at $50,287.04. This trade represents a 68.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.06% of the stock is currently owned by company 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.