Future Financial Wealth Managment LLC Has $115,000 Position in DNP Select Income Fund Inc. (NYSE:DNP)

Future Financial Wealth Managment LLC boosted its stake in DNP Select Income Fund Inc. (NYSE:DNP) by 160.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,000 shares of the investment management company’s stock after purchasing an additional 8,000 shares during the quarter. Future Financial Wealth Managment LLC’s holdings in DNP Select Income Fund were worth $115,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DNP. Barclays PLC bought a new position in shares of DNP Select Income Fund in the third quarter valued at $1,205,000. Bard Financial Services Inc. bought a new position in DNP Select Income Fund in the 4th quarter valued at about $763,000. Avior Wealth Management LLC bought a new stake in DNP Select Income Fund during the 3rd quarter worth approximately $567,000. Thrivent Financial for Lutherans boosted its position in shares of DNP Select Income Fund by 350.1% during the third quarter. Thrivent Financial for Lutherans now owns 135,695 shares of the investment management company’s stock valued at $1,363,000 after buying an additional 105,547 shares during the last quarter. Finally, Stifel Financial Corp increased its stake in DNP Select Income Fund by 9.4% in the 3rd quarter. Stifel Financial Corp now owns 64,144 shares of the investment management company’s stock valued at $644,000 after buying an additional 5,524 shares during the last quarter. 8.51% of the stock is owned by institutional investors.

DNP Select Income Fund Trading Down 0.4 %

Shares of NYSE DNP traded down $0.04 during mid-day trading on Monday, reaching $9.19. 488,875 shares of the company’s stock were exchanged, compared to its average volume of 913,984. DNP Select Income Fund Inc. has a 52 week low of $8.02 and a 52 week high of $10.04. The firm has a 50-day moving average price of $9.25 and a two-hundred day moving average price of $9.25.

DNP Select Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 31st will be paid a $0.065 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.78 annualized dividend and a yield of 8.49%.

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.