Strategic Financial Concepts LLC Makes New Investment in DNP Select Income Fund Inc. (NYSE:DNP)

Strategic Financial Concepts LLC purchased a new stake in DNP Select Income Fund Inc. (NYSE:DNP) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 39,577 shares of the investment management company’s stock, valued at approximately $349,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC acquired a new stake in DNP Select Income Fund in the 3rd quarter valued at approximately $1,205,000. Bard Financial Services Inc. bought a new position in shares of DNP Select Income Fund during the 4th quarter worth approximately $763,000. Avior Wealth Management LLC acquired a new stake in shares of DNP Select Income Fund in the third quarter valued at approximately $567,000. Thrivent Financial for Lutherans lifted its position in shares of DNP Select Income Fund by 350.1% in the third quarter. Thrivent Financial for Lutherans now owns 135,695 shares of the investment management company’s stock worth $1,363,000 after purchasing an additional 105,547 shares in the last quarter. Finally, Stifel Financial Corp boosted its holdings in DNP Select Income Fund by 9.4% during the third quarter. Stifel Financial Corp now owns 64,144 shares of the investment management company’s stock worth $644,000 after purchasing an additional 5,524 shares during the last quarter. Institutional investors and hedge funds own 8.51% of the company’s stock.

DNP Select Income Fund Stock Down 1.7 %

DNP Select Income Fund stock opened at $9.34 on Thursday. The company has a fifty day simple moving average of $9.22 and a 200 day simple moving average of $9.39. DNP Select Income Fund Inc. has a 1-year low of $8.02 and a 1-year high of $10.04.

DNP Select Income Fund Dividend Announcement

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

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.