Concurrent Investment Advisors LLC Has $311,000 Stake in DNP Select Income Fund Inc. (NYSE:DNP)

Concurrent Investment Advisors LLC lifted its holdings in DNP Select Income Fund Inc. (NYSE:DNP) by 8.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,213 shares of the investment management company’s stock after purchasing an additional 2,712 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in DNP Select Income Fund were worth $311,000 as of its most recent SEC filing.

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

DNP Select Income Fund Stock Up 0.5 %

NYSE:DNP opened at $9.50 on Wednesday. The stock’s 50-day simple moving average is $9.24 and its 200 day simple moving average is $9.42. 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 firm also recently announced a dividend, which was paid on Monday, February 10th. Investors of record on Monday, February 3rd were paid a dividend of $0.065 per share. The ex-dividend date was Friday, January 31st. This represents a yield of 8.24%.

Insider Transactions at DNP Select Income Fund

In other news, Director Geraldine M. Mcnamara sold 11,391 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $9.41, for a total transaction of $107,189.31. Following the completion of the transaction, the director now directly owns 5,344 shares of the company’s stock, valued at $50,287.04. This represents a 68.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.06% of the company’s stock.

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.