NorthCrest Asset Manangement LLC acquired a new stake in DNP Select Income Fund Inc. (NYSE:DNP – Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 31,922 shares of the investment management company’s stock, valued at approximately $352,000.
Several other large investors have also made changes to their positions in the business. Royal Bank of Canada lifted its position in shares of DNP Select Income Fund by 4.2% in the first quarter. Royal Bank of Canada now owns 1,736,367 shares of the investment management company’s stock valued at $20,524,000 after acquiring an additional 69,741 shares in the last quarter. LPL Financial LLC lifted its position in shares of DNP Select Income Fund by 12.8% in the fourth quarter. LPL Financial LLC now owns 1,636,204 shares of the investment management company’s stock valued at $18,407,000 after acquiring an additional 185,077 shares in the last quarter. American Financial Advisors LLC lifted its position in shares of DNP Select Income Fund by 2.9% in the first quarter. American Financial Advisors LLC now owns 1,391,282 shares of the investment management company’s stock valued at $15,332,000 after acquiring an additional 39,446 shares in the last quarter. Bank of America Corp DE lifted its position in shares of DNP Select Income Fund by 21.9% in the fourth quarter. Bank of America Corp DE now owns 936,272 shares of the investment management company’s stock valued at $10,533,000 after acquiring an additional 168,315 shares in the last quarter. Finally, Advisor Group Holdings Inc. lifted its position in shares of DNP Select Income Fund by 4.4% in the fourth quarter. Advisor Group Holdings Inc. now owns 924,477 shares of the investment management company’s stock worth $10,402,000 after buying an additional 38,594 shares in the last quarter. 8.28% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other news, Director Mareile B. Cusack bought 4,752 shares of the firm’s stock in a transaction that occurred on Wednesday, April 26th. The shares were bought at an average cost of $10.50 per share, for a total transaction of $49,896.00. Following the completion of the transaction, the director now owns 4,752 shares of the company’s stock, valued at $49,896. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.03% of the stock is owned by company insiders.
DNP Select Income Fund Trading Down 0.4 %
DNP Select Income Fund Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Thursday, August 10th. Investors of record on Monday, July 31st will be given a $0.065 dividend. The ex-dividend date is Friday, July 28th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 7.58%.
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.
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