7,764 Shares in DNP Select Income Fund Inc. (NYSE:DNP) Bought by Lee Danner & Bass Inc.

Lee Danner & Bass Inc. bought a new position in shares of DNP Select Income Fund Inc. (NYSE:DNP) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 7,764 shares of the investment management company’s stock, valued at approximately $68,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Safe Harbor Fiduciary LLC purchased a new position in DNP Select Income Fund during the 3rd quarter worth $28,000. Crews Bank & Trust acquired a new stake in DNP Select Income Fund during the 4th quarter worth about $29,000. UMB Bank n.a. acquired a new stake in DNP Select Income Fund during the 4th quarter worth about $34,000. Tandem Financial LLC acquired a new stake in DNP Select Income Fund during the 4th quarter worth about $34,000. Finally, Golden State Wealth Management LLC acquired a new stake in DNP Select Income Fund during the 4th quarter worth about $35,000. 8.51% of the stock is currently owned by hedge funds and other institutional investors.

DNP Select Income Fund Stock Down 0.1 %

Shares of DNP opened at $9.62 on Friday. The stock has a 50-day moving average of $9.42 and a two-hundred day moving average of $9.45. DNP Select Income Fund Inc. has a one year low of $8.02 and a one year high of $10.04.

DNP Select Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Monday, June 30th will be given a dividend of $0.065 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.78 dividend on an annualized basis and a yield of 8.11%.

Insiders Place Their Bets

In other DNP Select Income Fund 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 transaction of $107,189.31. Following the completion of the sale, the director now owns 5,344 shares of the company’s stock, valued at approximately $50,287.04. The trade was a 68.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.06% of the stock is currently owned by 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.