DNP Select Income Fund Inc. (NYSE:DNP) Shares Acquired by Sigma Planning Corp

Sigma Planning Corp lifted its stake in DNP Select Income Fund Inc. (NYSE:DNP) by 7.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 56,643 shares of the investment management company’s stock after purchasing an additional 3,758 shares during the period. Sigma Planning Corp’s holdings in DNP Select Income Fund were worth $500,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. GPS Wealth Strategies Group LLC raised its stake in shares of DNP Select Income Fund by 11.4% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 12,000 shares of the investment management company’s stock valued at $106,000 after acquiring an additional 1,225 shares in the last quarter. OneDigital Investment Advisors LLC boosted its holdings in DNP Select Income Fund by 11.2% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 12,508 shares of the investment management company’s stock valued at $126,000 after purchasing an additional 1,263 shares in the last quarter. First Heartland Consultants Inc. boosted its stake in shares of DNP Select Income Fund by 0.5% during the 3rd quarter. First Heartland Consultants Inc. now owns 277,516 shares of the investment management company’s stock worth $2,789,000 after acquiring an additional 1,363 shares in the last quarter. Stratos Wealth Advisors LLC boosted its stake in shares of DNP Select Income Fund by 0.7% during the 4th quarter. Stratos Wealth Advisors LLC now owns 240,976 shares of the investment management company’s stock worth $2,125,000 after acquiring an additional 1,749 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its position in shares of DNP Select Income Fund by 62.8% during the 4th quarter. Geneos Wealth Management Inc. now owns 6,024 shares of the investment management company’s stock worth $53,000 after purchasing an additional 2,324 shares during the last quarter. 8.51% of the stock is currently owned by hedge funds and other institutional investors.

DNP Select Income Fund Trading Down 0.5 %

Shares of DNP opened at $9.46 on Friday. The stock has a fifty day moving average of $9.27 and a two-hundred day moving average of $9.42. 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 dividend, which was paid on Monday, February 10th. Investors of record on Monday, February 3rd were given a dividend of $0.065 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a yield of 8.24%.

Insider Buying and Selling at DNP Select Income Fund

In other DNP Select Income Fund news, Director Geraldine M. Mcnamara sold 11,391 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $9.41, for a total value of $107,189.31. Following the sale, the director now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.06% of the stock is currently owned by corporate insiders.

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.