HB Wealth Management LLC Acquires Shares of 54,388 DNP Select Income Fund Inc. (NYSE:DNP)

HB Wealth Management LLC bought a new position in shares of DNP Select Income Fund Inc. (NYSE:DNP) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 54,388 shares of the investment management company’s stock, valued at approximately $480,000.

Other large investors also recently made changes to their positions in the company. RDA Financial Network lifted its position in DNP Select Income Fund by 2.2% during the 4th quarter. RDA Financial Network now owns 113,638 shares of the investment management company’s stock worth $1,002,000 after buying an additional 2,470 shares in the last quarter. Miracle Mile Advisors LLC raised its stake in shares of DNP Select Income Fund by 100.2% in the fourth quarter. Miracle Mile Advisors LLC now owns 40,438 shares of the investment management company’s stock worth $357,000 after acquiring an additional 20,238 shares during the last quarter. Future Financial Wealth Managment LLC lifted its position in shares of DNP Select Income Fund by 160.0% during the fourth quarter. Future Financial Wealth Managment LLC now owns 13,000 shares of the investment management company’s stock worth $115,000 after purchasing an additional 8,000 shares in the last quarter. Brookstone Capital Management grew its stake in shares of DNP Select Income Fund by 12.7% during the fourth quarter. Brookstone Capital Management now owns 54,671 shares of the investment management company’s stock valued at $482,000 after purchasing an additional 6,163 shares during the last quarter. Finally, Bard Financial Services Inc. acquired a new stake in shares of DNP Select Income Fund in the fourth quarter valued at approximately $763,000. Institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Stock Down 2.0 %

NYSE:DNP opened at $9.29 on Thursday. The stock’s fifty day moving average price is $9.25 and its two-hundred day moving average price is $9.30. DNP Select Income Fund Inc. has a 52-week low of $8.02 and a 52-week high of $10.04.

DNP Select Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 31st will be paid a dividend of $0.065 per share. This represents a $0.78 annualized dividend and a dividend yield of 8.40%. The ex-dividend date is Friday, January 31st.

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.