Crews Bank & Trust Takes Position in DNP Select Income Fund Inc. (NYSE:DNP)

Crews Bank & Trust purchased a new position in shares of DNP Select Income Fund Inc. (NYSE:DNP) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 3,338 shares of the investment management company’s stock, valued at approximately $29,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Safe Harbor Fiduciary LLC acquired a new stake in DNP Select Income Fund during the 3rd quarter worth approximately $28,000. UMB Bank n.a. purchased a new stake in shares of DNP Select Income Fund during the fourth quarter worth approximately $34,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of DNP Select Income Fund during the third quarter worth $44,000. Future Financial Wealth Managment LLC purchased a new position in DNP Select Income Fund in the 3rd quarter valued at $50,000. Finally, Geneos Wealth Management Inc. increased its stake in DNP Select Income Fund by 62.8% in the 4th quarter. Geneos Wealth Management Inc. now owns 6,024 shares of the investment management company’s stock valued at $53,000 after buying an additional 2,324 shares during the period. Institutional investors and hedge funds own 8.51% of the company’s stock.

DNP Select Income Fund Stock Performance

Shares of DNP Select Income Fund stock opened at $9.49 on Friday. The firm has a fifty day moving average of $9.25 and a two-hundred day moving average of $9.35. DNP Select Income Fund Inc. has a one year low of $8.02 and a one year high of $10.04.

DNP Select Income Fund Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Monday, February 10th. Investors of record on Monday, February 3rd will be given a $0.065 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a yield of 8.24%.

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.