85,304 Shares in DNP Select Income Fund Inc. $DNP Purchased by Walser Wealth Management Company A Ltd Liability Co

Walser Wealth Management Company A Ltd Liability Co acquired a new stake in shares of DNP Select Income Fund Inc. (NYSE:DNP) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 85,304 shares of the investment management company’s stock, valued at approximately $852,000.

Several other large investors also recently added to or reduced their stakes in the stock. ST Germain D J Co. Inc. grew its stake in DNP Select Income Fund by 10.6% in the 4th quarter. ST Germain D J Co. Inc. now owns 10,400 shares of the investment management company’s stock worth $104,000 after acquiring an additional 1,000 shares in the last quarter. GW Henssler & Associates Ltd. raised its stake in shares of DNP Select Income Fund by 3.3% during the fourth quarter. GW Henssler & Associates Ltd. now owns 31,666 shares of the investment management company’s stock valued at $316,000 after acquiring an additional 1,000 shares in the last quarter. Scotia Capital Inc. boosted its holdings in shares of DNP Select Income Fund by 0.9% in the third quarter. Scotia Capital Inc. now owns 138,589 shares of the investment management company’s stock valued at $1,387,000 after purchasing an additional 1,204 shares during the period. Tortoise Investment Management LLC boosted its holdings in shares of DNP Select Income Fund by 2.0% in the third quarter. Tortoise Investment Management LLC now owns 65,100 shares of the investment management company’s stock valued at $652,000 after purchasing an additional 1,262 shares during the period. Finally, Cresset Asset Management LLC boosted its holdings in shares of DNP Select Income Fund by 3.2% in the second quarter. Cresset Asset Management LLC now owns 41,953 shares of the investment management company’s stock valued at $413,000 after purchasing an additional 1,312 shares during the period. 8.51% of the stock is owned by hedge funds and other institutional investors.

DNP Select Income Fund Price Performance

Shares of NYSE:DNP opened at $10.74 on Friday. The business’s 50 day moving average is $10.68 and its 200 day moving average is $10.35. DNP Select Income Fund Inc. has a 52-week low of $9.59 and a 52-week high of $10.92.

DNP Select Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, October 13th. Shareholders of record on Wednesday, September 30th will be issued a $0.065 dividend. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date is Wednesday, September 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.