Talon Private Wealth LLC Takes $531,000 Position in DNP Select Income Fund Inc. $DNP

Talon Private Wealth LLC bought a new position in shares of DNP Select Income Fund Inc. (NYSE:DNP) during the first quarter, HoldingsChannel.com reports. The institutional investor bought 51,533 shares of the investment management company’s stock, valued at approximately $531,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Providence First Trust Co raised its stake in DNP Select Income Fund by 135.8% in the fourth quarter. Providence First Trust Co now owns 206,438 shares of the investment management company’s stock valued at $2,062,000 after buying an additional 118,905 shares during the period. N.E.W. Advisory Services LLC raised its stake in DNP Select Income Fund by 414.2% in the 4th quarter. N.E.W. Advisory Services LLC now owns 653,002 shares of the investment management company’s stock valued at $6,523,000 after acquiring an additional 526,009 shares during the period. Walser Wealth Management Company A Ltd Liability Co acquired a new stake in DNP Select Income Fund during the 4th quarter valued at $852,000. Verus Capital Partners LLC boosted its position in DNP Select Income Fund by 80.0% during the fourth quarter. Verus Capital Partners LLC now owns 262,188 shares of the investment management company’s stock worth $2,619,000 after purchasing an additional 116,498 shares during the period. Finally, Independent Financial Group LLC acquired a new position in shares of DNP Select Income Fund in the first quarter valued at $907,000. Institutional investors and hedge funds own 8.51% of the company’s stock.

DNP Select Income Fund Price Performance

Shares of DNP opened at $10.97 on Thursday. The company’s 50-day moving average is $10.85 and its 200-day moving average is $10.54. DNP Select Income Fund Inc. has a fifty-two week low of $9.69 and a fifty-two week high of $11.16.

DNP Select Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 13th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.065 per share. The ex-dividend date is Wednesday, September 30th. This represents a c) annualized dividend and a yield of 7.1%.

DNP Select Income Fund Company 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.