Prime Capital Investment Advisors LLC acquired a new position in DNP Select Income Fund Inc. (NYSE:DNP – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 10,693 shares of the investment management company’s stock, valued at approximately $91,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in DNP. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in shares of DNP Select Income Fund in the first quarter worth $49,000. Bessemer Group Inc. acquired a new stake in DNP Select Income Fund during the fourth quarter valued at $63,000. NBC Securities Inc. acquired a new stake in DNP Select Income Fund during the third quarter valued at $65,000. Saxon Interests Inc. acquired a new stake in DNP Select Income Fund during the fourth quarter valued at $86,000. Finally, Worth Asset Management LLC acquired a new stake in DNP Select Income Fund during the first quarter valued at $94,000. Institutional investors and hedge funds own 8.51% of the company’s stock.
DNP Select Income Fund Stock Performance
DNP stock opened at $8.86 on Monday. The firm’s fifty day moving average is $8.89 and its 200 day moving average is $8.94. DNP Select Income Fund Inc. has a one year low of $8.09 and a one year high of $11.18.
DNP Select Income Fund Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Friday, May 10th. Investors of record on Tuesday, April 30th will be given a dividend of $0.065 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.78 annualized dividend and a yield of 8.80%.
About DNP Select Income Fund
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.
Further Reading
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