DNP Select Income Fund Inc. (NYSE:DNP) CEO Buys $19,200.00 in Stock

DNP Select Income Fund Inc. (NYSE:DNP) CEO David D. Jr. Grumhaus acquired 2,000 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was acquired at an average cost of $9.60 per share, for a total transaction of $19,200.00. Following the transaction, the chief executive officer now owns 8,361 shares of the company’s stock, valued at approximately $80,265.60. The trade was a 31.44 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

DNP Select Income Fund Trading Down 0.5 %

NYSE DNP opened at $9.60 on Friday. The business’s fifty day moving average is $9.60 and its 200-day moving average is $9.10. DNP Select Income Fund Inc. has a one year low of $8.02 and a one year high of $10.04.

DNP Select Income Fund Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, November 12th. Investors of record on Friday, November 1st were issued a dividend of $0.065 per share. The ex-dividend date was Thursday, October 31st. This represents a yield of 8.15%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DNP. Sanctuary Advisors LLC increased its stake in shares of DNP Select Income Fund by 4.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 65,892 shares of the investment management company’s stock worth $623,000 after purchasing an additional 2,907 shares during the last quarter. Wealthquest Corp bought a new position in DNP Select Income Fund during the third quarter valued at $180,000. Barclays PLC purchased a new stake in DNP Select Income Fund in the third quarter worth $1,205,000. Stifel Financial Corp raised its stake in shares of DNP Select Income Fund by 9.4% in the third quarter. Stifel Financial Corp now owns 64,144 shares of the investment management company’s stock valued at $644,000 after buying an additional 5,524 shares during the period. Finally, Safe Harbor Fiduciary LLC purchased a new position in shares of DNP Select Income Fund during the 3rd quarter valued at $28,000. 8.51% of the stock is currently owned by hedge funds and other institutional investors.

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.