David D. Jr. Grumhaus Acquires 2,000 Shares of DNP Select Income Fund Inc. (NYSE:DNP) Stock

DNP Select Income Fund Inc. (NYSE:DNP) CEO David D. Jr. Grumhaus purchased 2,000 shares of DNP Select Income Fund stock in a transaction dated Tuesday, November 26th. The stock was bought at an average cost of $9.60 per share, with a total value of $19,200.00. Following the completion of the purchase, the chief executive officer now owns 8,361 shares in the company, valued at approximately $80,265.60. This trade represents a 31.44 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

DNP Select Income Fund Trading Up 0.5 %

Shares of NYSE:DNP traded up $0.05 during trading on Wednesday, reaching $9.65. The company had a trading volume of 335,087 shares, compared to its average volume of 652,916. The firm’s fifty day moving average is $9.60 and its 200 day moving average is $9.09. DNP Select Income Fund Inc. has a twelve month low of $8.02 and a twelve month high of $10.04.

DNP Select Income Fund Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, November 12th. Investors of record on Friday, November 1st were paid a dividend of $0.065 per share. This represents a yield of 8.15%. The ex-dividend date was Thursday, October 31st.

Institutional Trading of DNP Select Income Fund

A number of large investors have recently added to or reduced their stakes in DNP. Cetera Investment Advisers boosted its stake in shares of DNP Select Income Fund by 571.5% during the 1st quarter. Cetera Investment Advisers now owns 1,228,662 shares of the investment management company’s stock worth $11,144,000 after acquiring an additional 1,045,691 shares in the last quarter. J.W. Cole Advisors Inc. lifted its holdings in shares of DNP Select Income Fund by 43.4% during the third quarter. J.W. Cole Advisors Inc. now owns 621,270 shares of the investment management company’s stock valued at $6,238,000 after purchasing an additional 187,939 shares during the last quarter. Avior Wealth Management LLC acquired a new position in shares of DNP Select Income Fund in the 3rd quarter valued at $567,000. Sanctuary Advisors LLC purchased a new position in DNP Select Income Fund in the 2nd quarter worth about $557,000. Finally, Creative Planning lifted its stake in DNP Select Income Fund by 93.8% during the third quarter. Creative Planning now owns 148,984 shares of the investment management company’s stock valued at $1,496,000 after buying an additional 72,100 shares in the last quarter. 8.51% of the stock is currently owned by institutional investors.

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.