Commonwealth Equity Services LLC Buys 60,825 Shares of DNP Select Income Fund Inc. (NYSE:DNP)

Commonwealth Equity Services LLC raised its holdings in DNP Select Income Fund Inc. (NYSE:DNP) by 5.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,159,114 shares of the investment management company’s stock after purchasing an additional 60,825 shares during the quarter. Commonwealth Equity Services LLC owned 0.31% of DNP Select Income Fund worth $10,223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. Wolverine Asset Management LLC purchased a new stake in DNP Select Income Fund during the fourth quarter valued at about $2,915,000. Strategic Financial Concepts LLC bought a new position in shares of DNP Select Income Fund in the 4th quarter worth about $349,000. Barclays PLC purchased a new position in shares of DNP Select Income Fund in the 3rd quarter worth about $1,205,000. Bard Financial Services Inc. bought a new position in DNP Select Income Fund in the 4th quarter valued at approximately $763,000. Finally, J.W. Cole Advisors Inc. boosted its holdings in DNP Select Income Fund by 23.4% in the fourth quarter. J.W. Cole Advisors Inc. now owns 766,719 shares of the investment management company’s stock worth $6,762,000 after purchasing an additional 145,449 shares during the last quarter. Hedge funds and other institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Stock Up 0.4 %

NYSE DNP opened at $9.60 on Thursday. The stock’s 50-day moving average price is $9.41 and its 200-day moving average price is $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 declared a monthly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.065 per share. The ex-dividend date is Monday, June 30th. This represents a $0.78 dividend on an annualized basis and a yield of 8.13%.

Insider Activity at DNP Select Income Fund

In other news, Director Geraldine M. Mcnamara sold 11,391 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $9.41, for a total transaction of $107,189.31. Following the transaction, 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 owned by insiders.

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.