Allworth Financial LP Buys 3,480 Shares of DNP Select Income Fund Inc. (NYSE:DNP)

Allworth Financial LP grew its stake in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 30.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,970 shares of the investment management company’s stock after buying an additional 3,480 shares during the quarter. Allworth Financial LP’s holdings in DNP Select Income Fund were worth $139,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Barclays PLC bought a new stake in DNP Select Income Fund during the 3rd quarter valued at approximately $1,205,000. Strategic Financial Concepts LLC bought a new stake in DNP Select Income Fund during the 4th quarter valued at approximately $349,000. Bard Financial Services Inc. bought a new stake in DNP Select Income Fund during the 4th quarter valued at approximately $763,000. Avior Wealth Management LLC bought a new stake in DNP Select Income Fund during the 3rd quarter valued at approximately $567,000. Finally, Thrivent Financial for Lutherans boosted its position in DNP Select Income Fund by 350.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 135,695 shares of the investment management company’s stock valued at $1,363,000 after acquiring an additional 105,547 shares in the last quarter. 8.51% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Geraldine M. Mcnamara sold 11,391 shares of DNP Select Income Fund stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $9.41, for a total transaction of $107,189.31. Following the completion of the transaction, the director now directly owns 5,344 shares in the company, valued at approximately $50,287.04. This trade represents a 68.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.06% of the company’s stock.

DNP Select Income Fund Stock Up 0.1 %

DNP Select Income Fund stock opened at $9.46 on Monday. The stock’s 50 day simple moving average is $9.23 and its two-hundred day simple moving average is $9.41. 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 company also recently disclosed a dividend, which was paid on Monday, February 10th. Shareholders of record on Monday, February 3rd were given a dividend of $0.065 per share. The ex-dividend date was Friday, January 31st. This represents a yield of 8.24%.

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.