Commonwealth Equity Services LLC boosted its holdings in shares of DNP Select Income Fund Inc. (NYSE:DNP – Get Rating) by 3.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 867,227 shares of the investment management company’s stock after purchasing an additional 30,790 shares during the quarter. Commonwealth Equity Services LLC owned about 0.24% of DNP Select Income Fund worth $9,756,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the business. Farmers & Merchants Investments Inc. lifted its position in DNP Select Income Fund by 795.6% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 2,248 shares of the investment management company’s stock worth $25,000 after buying an additional 1,997 shares during the last quarter. Jones Financial Companies Lllp bought a new position in DNP Select Income Fund during the 3rd quarter valued at about $27,000. Romano Brothers AND Company purchased a new stake in DNP Select Income Fund in the 4th quarter worth about $45,000. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in DNP Select Income Fund in the first quarter worth about $49,000. Finally, Oliver Lagore Vanvalin Investment Group boosted its position in shares of DNP Select Income Fund by 88.9% during the third quarter. Oliver Lagore Vanvalin Investment Group now owns 4,568 shares of the investment management company’s stock valued at $47,000 after buying an additional 2,150 shares during the period. 7.75% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In related news, Director Mareile B. Cusack purchased 4,752 shares of DNP Select Income Fund stock in a transaction that occurred on Wednesday, April 26th. The shares were bought at an average price of $10.50 per share, with a total value of $49,896.00. Following the purchase, the director now directly owns 4,752 shares of the company’s stock, valued at approximately $49,896. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.03% of the company’s stock.
DNP Select Income Fund Trading Up 1.2 %
DNP Select Income Fund Dividend Announcement
The firm also recently announced a dividend, which will be paid on Wednesday, May 10th. Stockholders of record on Friday, April 28th will be given a dividend of $0.065 per share. The ex-dividend date is Thursday, April 27th. This represents a dividend yield of 7.27%.
DNP Select Income Fund Profile
DNP Select Income Fund, Inc is a closed-end investment fund. Its investment objectives are current income, long-term growth of income and capital appreciation by investing primarily in a portfolio of equity and fixed income securities of companies in the public utilities industry. the company was founded on January 21, 1986 and is headquartered in Chicago, IL.
Featured Stories
- Get a free copy of the StockNews.com research report on DNP Select Income Fund (DNP)
- MarketBeat Week in Review – 5/1 – 5/5
- It’s Time To Check Into Booking.Com
- Shopify Delivers Growth And Efficiency; Shares Surge
- Advanced Micro Devices Bullish Reversal Is Still In Play
- Broadcom Shares Trade In Tight Range Ahead Of Q2 Earnings Report
Want to see what other hedge funds are holding DNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DNP Select Income Fund Inc. (NYSE:DNP – Get Rating).
Receive News & Ratings for DNP Select Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DNP Select Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.
