Geraldine M. Mcnamara Sells 11,391 Shares of DNP Select Income Fund Inc. (NYSE:DNP) Stock

DNP Select Income Fund Inc. (NYSE:DNP) Director Geraldine M. Mcnamara sold 11,391 shares of the firm’s stock in a transaction 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 transaction, the director now owns 5,344 shares in the company, valued at $50,287.04. The trade was a 68.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

DNP Select Income Fund Trading Up 0.1 %

DNP traded up $0.01 during trading on Thursday, hitting $9.47. 571,806 shares of the stock were exchanged, compared to its average volume of 673,636. DNP Select Income Fund Inc. has a 1 year low of $8.02 and a 1 year high of $10.04. The firm has a 50 day simple moving average of $9.22 and a 200 day simple moving average of $9.40.

DNP Select Income Fund Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC increased its holdings in shares of 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 valued at $106,000 after acquiring an additional 1,110 shares during the period. Kovack Advisors Inc. grew its stake in DNP Select Income Fund by 2.4% during the 4th quarter. Kovack Advisors Inc. now owns 50,329 shares of the investment management company’s stock worth $444,000 after buying an additional 1,184 shares during the last quarter. CreativeOne Wealth LLC grew its stake in DNP Select Income Fund by 6.4% during the 4th quarter. CreativeOne Wealth LLC now owns 20,204 shares of the investment management company’s stock worth $178,000 after buying an additional 1,210 shares during the last quarter. Tortoise Investment Management LLC grew its stake in DNP Select Income Fund by 2.0% during the 4th quarter. Tortoise Investment Management LLC now owns 61,439 shares of the investment management company’s stock worth $542,000 after buying an additional 1,220 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC grew its stake in DNP Select Income Fund by 11.4% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 12,000 shares of the investment management company’s stock worth $106,000 after buying an additional 1,225 shares during the last quarter. 8.51% of the stock is currently owned by hedge funds and other institutional investors.

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.