EverSource Wealth Advisors LLC Grows Stock Holdings in DNP Select Income Fund Inc. (NYSE:DNP)

EverSource Wealth Advisors LLC raised its position in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 10.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,995 shares of the investment management company’s stock after purchasing an additional 1,110 shares during the period. EverSource Wealth Advisors LLC’s holdings in DNP Select Income Fund were worth $106,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Tortoise Investment Management LLC raised its position in DNP Select Income Fund by 2.0% during the fourth quarter. Tortoise Investment Management LLC now owns 61,439 shares of the investment management company’s stock valued at $542,000 after purchasing an additional 1,220 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of DNP Select Income Fund in the fourth quarter worth about $7,738,000. Bravias Capital Group LLC purchased a new position in shares of DNP Select Income Fund in the fourth quarter worth about $224,000. Kelly Financial Group LLC purchased a new position in shares of DNP Select Income Fund in the fourth quarter worth about $127,000. Finally, Investment Partners LTD. increased its holdings in shares of DNP Select Income Fund by 9.0% in the fourth quarter. Investment Partners LTD. now owns 53,131 shares of the investment management company’s stock worth $469,000 after buying an additional 4,375 shares during the period. Hedge funds and other institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Trading Down 0.7 %

DNP opened at $9.57 on Wednesday. The business’s 50-day moving average price is $9.40 and its 200-day moving average price is $9.45. DNP Select Income Fund Inc. has a 12 month low of $8.02 and a 12 month high of $10.04.

DNP Select Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Monday, June 30th will be issued a $0.065 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.78 annualized dividend and a dividend yield of 8.15%.

Insider Transactions at DNP Select Income Fund

In other 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 approximately $50,287.04. The trade was a 68.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.06% of the company’s stock.

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.