UMB Bank n.a. Takes Position in DNP Select Income Fund Inc. (NYSE:DNP)

UMB Bank n.a. bought a new stake in shares of DNP Select Income Fund Inc. (NYSE:DNP) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 3,847 shares of the investment management company’s stock, valued at approximately $34,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Safe Harbor Fiduciary LLC acquired a new position in DNP Select Income Fund in the 3rd quarter valued at about $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of DNP Select Income Fund during the third quarter worth approximately $44,000. Future Financial Wealth Managment LLC bought a new position in shares of DNP Select Income Fund during the third quarter worth approximately $50,000. Larson Financial Group LLC acquired a new stake in DNP Select Income Fund during the 3rd quarter worth approximately $54,000. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in DNP Select Income Fund by 13.5% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 9,647 shares of the investment management company’s stock valued at $79,000 after purchasing an additional 1,150 shares during the period. Institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Price Performance

DNP opened at $9.29 on Friday. The stock has a fifty day moving average of $9.25 and a 200-day moving average of $9.31. DNP Select Income Fund Inc. has a fifty-two week low of $8.02 and a fifty-two week high of $10.04.

DNP Select Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 31st will be given a $0.065 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.78 dividend on an annualized basis and a dividend yield of 8.40%.

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.