GWN Securities Inc. Invests $463,000 in DNP Select Income Fund Inc. (NYSE:DNP)

GWN Securities Inc. purchased a new position in shares of DNP Select Income Fund Inc. (NYSE:DNP) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 49,982 shares of the investment management company’s stock, valued at approximately $463,000.

Other hedge funds also recently made changes to their positions in the company. Safe Harbor Fiduciary LLC bought a new position in shares of DNP Select Income Fund during the 3rd quarter worth approximately $28,000. Crews Bank & Trust bought a new position in shares of DNP Select Income Fund during the 4th quarter worth approximately $29,000. UMB Bank n.a. bought a new position in shares of DNP Select Income Fund during the 4th quarter worth approximately $34,000. Tandem Financial LLC bought a new position in shares of DNP Select Income Fund during the 4th quarter worth approximately $34,000. Finally, Golden State Wealth Management LLC bought a new position in shares of DNP Select Income Fund in the fourth quarter valued at $35,000. 8.51% of the stock is owned by institutional investors.

DNP Select Income Fund Price Performance

NYSE:DNP opened at $9.50 on Monday. 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 fifty day simple moving average of $9.38 and a 200 day simple moving average of $9.45.

DNP Select Income Fund Announces Dividend

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

Insider Activity at DNP Select Income Fund

In other DNP Select Income Fund news, Director Geraldine M. Mcnamara sold 11,391 shares of DNP Select Income Fund stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $9.41, for a total transaction of $107,189.31. Following the completion of the transaction, the director now directly owns 5,344 shares of the company’s stock, 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 SEC, which is available through this hyperlink. 0.06% of the stock is owned by company insiders.

About DNP Select Income Fund

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.