DNP Select Income Fund Inc. $DNP Stock Position Lifted by Providence First Trust Co

Providence First Trust Co lifted its stake in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 135.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 206,438 shares of the investment management company’s stock after purchasing an additional 118,905 shares during the quarter. Providence First Trust Co owned about 0.05% of DNP Select Income Fund worth $2,062,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Ameriflex Group Inc. increased its stake in DNP Select Income Fund by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 3,000 shares of the investment management company’s stock valued at $30,000 after buying an additional 1,500 shares during the period. Spire Wealth Management boosted its holdings in shares of DNP Select Income Fund by 84.9% in the fourth quarter. Spire Wealth Management now owns 3,400 shares of the investment management company’s stock valued at $34,000 after acquiring an additional 1,561 shares in the last quarter. City Holding Co. bought a new position in shares of DNP Select Income Fund in the third quarter valued at approximately $37,000. Private Wealth Asset Management LLC acquired a new position in shares of DNP Select Income Fund during the third quarter valued at approximately $44,000. Finally, Private Trust Co. NA increased its stake in shares of DNP Select Income Fund by 85.7% during the fourth quarter. Private Trust Co. NA now owns 6,500 shares of the investment management company’s stock valued at $65,000 after acquiring an additional 3,000 shares during the period. Institutional investors and hedge funds own 8.51% of the company’s stock.

Insider Buying and Selling

In other DNP Select Income Fund news, Director Mark G. Kahrer purchased 20,000 shares of the business’s stock in a transaction on Wednesday, February 11th. The stock was bought at an average cost of $10.21 per share, with a total value of $204,200.00. Following the acquisition, the director owned 23,000 shares of the company’s stock, valued at $234,830. The trade was a 666.67% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.02% of the company’s stock.

DNP Select Income Fund Stock Performance

DNP opened at $10.69 on Wednesday. DNP Select Income Fund Inc. has a 1-year low of $9.56 and a 1-year high of $10.84. The business has a 50 day moving average price of $10.43 and a two-hundred day moving average price of $10.21.

DNP Select Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.065 per share. This represents a c) dividend on an annualized basis and a yield of 7.3%. The ex-dividend date of this dividend is Tuesday, June 30th.

DNP Select Income Fund Profile

DNP Select Income Fund is a closed‐end management investment company listed on the New York Stock Exchange under the symbol DNP. The fund’s primary objective is to provide high current income and, as a secondary objective, capital appreciation by investing in income‐producing securities.

To pursue its objectives, DNP Select Income Fund allocates the majority of its assets to equity and equity‐related securities of energy infrastructure companies, with a particular focus on master limited partnerships (MLPs) in the midstream sector.