20,213 Shares in DNP Select Income Fund Inc. (NYSE:DNP) Bought by Asset Planning Inc

Asset Planning Inc purchased a new stake in DNP Select Income Fund Inc. (NYSE:DNP) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 20,213 shares of the investment management company’s stock, valued at approximately $178,000.

Other hedge funds have also modified their holdings of the company. Safe Harbor Fiduciary LLC purchased a new position in shares of DNP Select Income Fund in the third quarter worth about $28,000. Crews Bank & Trust purchased a new position in DNP Select Income Fund during the fourth quarter valued at approximately $29,000. UMB Bank n.a. purchased a new position in DNP Select Income Fund during the fourth quarter valued at approximately $34,000. Tandem Financial LLC purchased a new position in DNP Select Income Fund during the fourth quarter valued at approximately $34,000. Finally, Golden State Wealth Management LLC purchased a new position in DNP Select Income Fund during the fourth quarter valued at approximately $35,000. 8.51% of the stock is owned by institutional investors and hedge funds.

DNP Select Income Fund Price Performance

Shares of DNP opened at $9.34 on Friday. The stock’s 50 day moving average is $9.22 and its two-hundred day moving average is $9.39. DNP Select Income Fund Inc. has a 12 month low of $8.02 and a 12 month high of $10.04.

DNP Select Income Fund Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, February 10th. Shareholders of record on Monday, February 3rd were given a $0.065 dividend. The ex-dividend date was Friday, January 31st. This represents a yield of 8.24%.

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.