Insider Selling: DNP Select Income Fund Inc. (NYSE:DNP) Director Sells 11,391 Shares of Stock

DNP Select Income Fund Inc. (NYSE:DNP) Director Geraldine M. Mcnamara sold 11,391 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $9.41, for a total value of $107,189.31. Following the completion of the sale, the director now owns 5,344 shares of the company’s stock, valued at approximately $50,287.04. The trade was a 68.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

DNP Select Income Fund Stock Performance

Shares of NYSE:DNP traded up $0.01 during trading on Thursday, hitting $9.47. 571,806 shares of the company’s stock were exchanged, compared to its average volume of 673,636. DNP Select Income Fund Inc. has a 52-week low of $8.02 and a 52-week high of $10.04. The business’s 50-day simple moving average is $9.22 and its 200 day simple moving average is $9.40.

DNP Select Income Fund Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, February 10th. Investors of record on Monday, February 3rd were given a dividend of $0.065 per share. This represents a dividend yield of 8.24%. The ex-dividend date was Friday, January 31st.

Institutional Trading of DNP Select Income Fund

Institutional investors have recently made changes to their positions in the business. Creative Planning grew its holdings in DNP Select Income Fund by 93.8% during the 3rd quarter. Creative Planning now owns 148,984 shares of the investment management company’s stock valued at $1,496,000 after buying an additional 72,100 shares in the last quarter. Raymond James & Associates lifted its stake in shares of DNP Select Income Fund by 4.9% during the 3rd quarter. Raymond James & Associates now owns 565,350 shares of the investment management company’s stock worth $5,676,000 after acquiring an additional 26,351 shares during the last quarter. Calton & Associates Inc. bought a new stake in shares of DNP Select Income Fund during the 3rd quarter worth approximately $328,000. PFG Investments LLC lifted its stake in shares of DNP Select Income Fund by 12.8% during the 3rd quarter. PFG Investments LLC now owns 52,485 shares of the investment management company’s stock worth $527,000 after acquiring an additional 5,951 shares during the last quarter. Finally, J.W. Cole Advisors Inc. lifted its stake in shares of DNP Select Income Fund by 43.4% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 621,270 shares of the investment management company’s stock worth $6,238,000 after acquiring an additional 187,939 shares during the last quarter. Hedge funds and other institutional investors own 8.51% of the company’s stock.

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.