Providence First Trust Co Buys 3,876 Shares of DNP Select Income Fund Inc. (NYSE:DNP)

Providence First Trust Co lifted its position in DNP Select Income Fund Inc. (NYSE:DNP) by 5.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 76,234 shares of the investment management company’s stock after purchasing an additional 3,876 shares during the period. Providence First Trust Co’s holdings in DNP Select Income Fund were worth $672,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of DNP. Raymond James & Associates lifted 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 worth $5,676,000 after buying an additional 26,351 shares during the period. Integrated Advisors Network LLC bought a new stake in shares of DNP Select Income Fund in the third quarter valued at about $147,000. US Bancorp DE lifted its stake in DNP Select Income Fund by 5.1% in the third quarter. US Bancorp DE now owns 77,855 shares of the investment management company’s stock worth $782,000 after acquiring an additional 3,809 shares during the period. Gladstone Institutional Advisory LLC lifted its stake in DNP Select Income Fund by 7.4% in the third quarter. Gladstone Institutional Advisory LLC now owns 58,671 shares of the investment management company’s stock worth $589,000 after acquiring an additional 4,067 shares during the period. Finally, CWA Asset Management Group LLC bought a new position in DNP Select Income Fund during the 3rd quarter worth about $109,000. Institutional investors own 8.51% of the company’s stock.

Insider Buying and Selling

In other DNP Select Income Fund news, Director Geraldine M. Mcnamara sold 11,391 shares of DNP Select Income Fund stock in a transaction dated 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 at the SEC website. 0.06% of the stock is currently owned by insiders.

DNP Select Income Fund Stock Performance

NYSE:DNP opened at $9.57 on Friday. The firm has a 50-day simple moving average of $9.27 and a 200-day simple moving average of $9.42. DNP Select Income Fund Inc. has a one year low of $8.02 and a one year high of $10.04.

DNP Select Income Fund Announces Dividend

The firm also recently disclosed a dividend, which was paid on Monday, February 10th. Investors 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.