HBK Sorce Advisory LLC Has $187,000 Stake in DNP Select Income Fund Inc. (NYSE:DNP)

HBK Sorce Advisory LLC grew its holdings in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 10.0% in the 4th quarter, Holdings Channel reports. The fund owned 21,160 shares of the investment management company’s stock after buying an additional 1,924 shares during the period. HBK Sorce Advisory LLC’s holdings in DNP Select Income Fund were worth $187,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of DNP. Safe Harbor Fiduciary LLC acquired a new position in shares of DNP Select Income Fund in the third quarter valued at approximately $28,000. Crews Bank & Trust acquired a new position in shares of DNP Select Income Fund in the fourth quarter valued at approximately $29,000. UMB Bank n.a. acquired a new position in shares of DNP Select Income Fund in the fourth quarter valued at approximately $34,000. Tandem Financial LLC acquired a new position in shares of DNP Select Income Fund in the fourth quarter valued at approximately $34,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of DNP Select Income Fund in the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 8.51% of the company’s stock.

Insider Activity at DNP Select Income Fund

In related news, Director Geraldine M. Mcnamara sold 11,391 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $9.41, for a total value of $107,189.31. Following the sale, the director now directly owns 5,344 shares in the company, valued at $50,287.04. This represents a 68.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.06% of the stock is currently owned by company insiders.

DNP Select Income Fund Stock Up 0.7 %

DNP Select Income Fund stock opened at $9.50 on Friday. The business has a 50 day moving average of $9.38 and a 200-day moving average of $9.45. 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 issued a $0.065 dividend. This represents a yield of 8.24%. The ex-dividend date was Friday, January 31st.

DNP Select Income Fund Company 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.