DNP Select Income Fund Inc. (NYSE:DNP) Shares Purchased by Hill Island Financial LLC

Hill Island Financial LLC boosted its position in DNP Select Income Fund Inc. (NYSE:DNP) by 14.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,259 shares of the investment management company’s stock after purchasing an additional 1,549 shares during the quarter. Hill Island Financial LLC’s holdings in DNP Select Income Fund were worth $108,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its stake in 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 purchasing an additional 1,110 shares during the last quarter. Kovack Advisors Inc. raised its stake in DNP Select Income Fund by 2.4% in the 4th quarter. Kovack Advisors Inc. now owns 50,329 shares of the investment management company’s stock valued at $444,000 after purchasing an additional 1,184 shares during the last quarter. Tortoise Investment Management LLC grew its holdings in DNP Select Income Fund by 2.0% in the 4th quarter. Tortoise Investment Management LLC now owns 61,439 shares of the investment management company’s stock valued at $542,000 after buying an additional 1,220 shares in the last quarter. GPS Wealth Strategies Group LLC grew its holdings in DNP Select Income Fund by 11.4% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 12,000 shares of the investment management company’s stock valued at $106,000 after buying an additional 1,225 shares in the last quarter. Finally, OneDigital Investment Advisors LLC grew its holdings in DNP Select Income Fund by 11.2% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 12,508 shares of the investment management company’s stock valued at $126,000 after buying an additional 1,263 shares in the last quarter. 8.51% of the stock is owned by institutional investors and hedge funds.

DNP Select Income Fund Stock Performance

Shares of NYSE:DNP opened at $9.62 on Friday. The business has a fifty day moving average of $9.42 and a two-hundred day moving average of $9.45. DNP Select Income Fund Inc. has a 52-week low of $8.02 and a 52-week high of $10.04.

DNP Select Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Monday, June 30th will be issued a $0.065 dividend. This represents a $0.78 annualized dividend and a yield of 8.11%. The ex-dividend date is Monday, June 30th.

Insider Buying and Selling at DNP Select Income Fund

In other news, Director Geraldine M. Mcnamara sold 11,391 shares of the stock in a transaction on Wednesday, February 19th. The stock was 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 in the company, valued at approximately $50,287.04. This represents a 68.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.06% of the stock is owned by company insiders.

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.