Bard Financial Services Inc. Invests $763,000 in DNP Select Income Fund Inc. (NYSE:DNP)

Bard Financial Services Inc. purchased a new position in shares of DNP Select Income Fund Inc. (NYSE:DNP) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 86,495 shares of the investment management company’s stock, valued at approximately $763,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. PFG Investments LLC boosted its position in DNP Select Income Fund by 3.8% in the second quarter. PFG Investments LLC now owns 46,534 shares of the investment management company’s stock valued at $383,000 after buying an additional 1,716 shares in the last quarter. Choreo LLC acquired a new stake in shares of DNP Select Income Fund during the 2nd quarter valued at $202,000. GEM Asset Management LLC bought a new stake in DNP Select Income Fund during the 2nd quarter worth $83,000. HHM Wealth Advisors LLC acquired a new position in DNP Select Income Fund in the 2nd quarter worth about $235,000. Finally, SYM FINANCIAL Corp bought a new position in DNP Select Income Fund in the second quarter valued at about $93,000. Institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Stock Performance

Shares of DNP Select Income Fund stock traded down $0.07 on Monday, hitting $9.16. The stock had a trading volume of 735,183 shares, compared to its average volume of 994,149. The stock has a 50 day moving average of $9.29 and a 200 day moving average of $9.22. DNP Select Income Fund Inc. has a twelve month low of $8.02 and a twelve month high of $10.04.

DNP Select Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 31st will be issued a $0.065 dividend. This represents a $0.78 annualized dividend and a yield of 8.52%. The ex-dividend date is Friday, January 31st.

DNP Select Income Fund 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.