Morey & Quinn Wealth Partners LLC Purchases Shares of 34,700 DNP Select Income Fund Inc. (NYSE:DNP)

Morey & Quinn Wealth Partners LLC acquired a new position in shares of DNP Select Income Fund Inc. (NYSE:DNP) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 34,700 shares of the investment management company’s stock, valued at approximately $306,000.

A number of other large investors have also recently made changes to their positions in the stock. Safe Harbor Fiduciary LLC acquired a new stake in DNP Select Income Fund during the 3rd quarter worth about $28,000. Crews Bank & Trust acquired a new stake in shares of DNP Select Income Fund during the fourth quarter worth about $29,000. UMB Bank n.a. purchased a new stake in DNP Select Income Fund in the fourth quarter valued at approximately $34,000. Tandem Financial LLC acquired a new position in DNP Select Income Fund in the 4th quarter worth approximately $34,000. Finally, Golden State Wealth Management LLC purchased a new position in DNP Select Income Fund during the 4th quarter worth approximately $35,000. 8.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at DNP Select Income Fund

In related news, Director Geraldine M. Mcnamara sold 11,391 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $9.41, for a total transaction of $107,189.31. Following the sale, the director now directly owns 5,344 shares of the company’s stock, valued at $50,287.04. This trade represents a 68.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.06% of the company’s stock.

DNP Select Income Fund Stock Down 0.4 %

DNP stock opened at $9.63 on Wednesday. DNP Select Income Fund Inc. has a 12 month low of $8.02 and a 12 month high of $10.04. The firm’s fifty day simple moving average is $9.44 and its 200-day simple moving average is $9.45.

DNP Select Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Monday, June 30th will be given a dividend of $0.065 per share. This represents a $0.78 annualized dividend and a yield of 8.10%. The ex-dividend date is Monday, June 30th.

DNP Select Income Fund Company Profile

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.