Wolverine Asset Management LLC Makes New Investment in DNP Select Income Fund Inc. (NYSE:DNP)

Wolverine Asset Management LLC acquired a new position in shares of DNP Select Income Fund Inc. (NYSE:DNP) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 330,516 shares of the investment management company’s stock, valued at approximately $2,915,000.

A number of other large investors have also recently bought and sold shares of DNP. Creative Planning grew 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 worth $1,496,000 after buying an additional 72,100 shares in the last quarter. Raymond James & Associates grew its stake in DNP Select Income Fund by 4.9% during the third quarter. Raymond James & Associates now owns 565,350 shares of the investment management company’s stock worth $5,676,000 after buying an additional 26,351 shares in the last quarter. PFG Investments LLC grew its stake in DNP Select Income Fund by 12.8% during the third quarter. PFG Investments LLC now owns 52,485 shares of the investment management company’s stock worth $527,000 after buying an additional 5,951 shares in the last quarter. J.W. Cole Advisors Inc. grew its stake in 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 worth $6,238,000 after buying an additional 187,939 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in DNP Select Income Fund by 4.1% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,292,204 shares of the investment management company’s stock worth $12,974,000 after buying an additional 50,425 shares in the last quarter. 8.51% of the stock is currently owned by institutional investors and hedge funds.

DNP Select Income Fund Trading Up 0.1 %

Shares of DNP Select Income Fund stock opened at $9.46 on Friday. DNP Select Income Fund Inc. has a 12-month low of $8.02 and a 12-month high of $10.04. The firm’s 50-day moving average price is $9.23 and its two-hundred day moving average price is $9.41.

DNP Select Income Fund Dividend Announcement

The business also recently announced a dividend, which was paid on Monday, February 10th. Stockholders of record on Monday, February 3rd were issued a $0.065 dividend. The ex-dividend date was Friday, January 31st. This represents a dividend yield of 8.24%.

Insider Transactions at DNP Select Income Fund

In other news, Director Geraldine M. Mcnamara sold 11,391 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $9.41, for a total value of $107,189.31. Following the completion of the transaction, the director now owns 5,344 shares of the company’s stock, valued at approximately $50,287.04. This represents a 68.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.