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:DNPFree Report) 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

(Free Report)

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.

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Institutional Ownership by Quarter for DNP Select Income Fund (NYSE:DNP)

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