First National Advisers LLC Buys New Shares in DNP Select Income Fund Inc. (NYSE:DNP)

First National Advisers LLC bought a new stake in shares of DNP Select Income Fund Inc. (NYSE:DNP) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 10,059 shares of the investment management company’s stock, valued at approximately $89,000.

Other large investors also recently modified their holdings of the company. Safe Harbor Fiduciary LLC purchased a new stake in DNP Select Income Fund in the 3rd quarter worth $28,000. Crews Bank & Trust purchased a new stake in DNP Select Income Fund in the 4th quarter worth $29,000. UMB Bank n.a. purchased a new stake in DNP Select Income Fund in the 4th quarter worth $34,000. Tandem Financial LLC purchased a new stake in DNP Select Income Fund in the 4th quarter worth $34,000. Finally, Golden State Wealth Management LLC purchased a new stake in DNP Select Income Fund in the 4th quarter worth $35,000. Hedge funds and other institutional investors own 8.51% of the company’s stock.

Insiders Place Their Bets

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 sale, the director now owns 5,344 shares in the company, valued at $50,287.04. The trade was a 68.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.06% of the company’s stock.

DNP Select Income Fund Trading Up 0.7 %

Shares of DNP stock opened at $9.50 on Monday. DNP Select Income Fund Inc. has a 52 week low of $8.02 and a 52 week high of $10.04. The company’s fifty day simple moving average is $9.38 and its two-hundred day simple moving average is $9.45.

DNP Select Income Fund Announces Dividend

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

DNP Select Income Fund 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.