Arlington Capital Management Inc. Buys Shares of 82,652 DNP Select Income Fund Inc. (NYSE:DNP)

Arlington Capital Management Inc. purchased a new position in shares of DNP Select Income Fund Inc. (NYSE:DNP) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 82,652 shares of the investment management company’s stock, valued at approximately $729,000.

A number of other hedge funds and other institutional investors have also modified their holdings of DNP. Thrivent Financial for Lutherans raised its stake in shares of DNP Select Income Fund by 350.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 135,695 shares of the investment management company’s stock valued at $1,363,000 after acquiring an additional 105,547 shares in the last quarter. Raymond James Trust N.A. acquired a new stake in shares of DNP Select Income Fund in the third quarter worth $158,000. Great Valley Advisor Group Inc. boosted its holdings in shares of DNP Select Income Fund by 19.7% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 28,649 shares of the investment management company’s stock worth $288,000 after buying an additional 4,723 shares during the period. Larson Financial Group LLC acquired a new position in DNP Select Income Fund in the 3rd quarter valued at $54,000. Finally, CreativeOne Wealth LLC raised its holdings in DNP Select Income Fund by 25.5% in the 3rd quarter. CreativeOne Wealth LLC now owns 18,994 shares of the investment management company’s stock worth $191,000 after acquiring an additional 3,859 shares during the period. Institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Stock Performance

DNP stock opened at $9.63 on Wednesday. DNP Select Income Fund Inc. has a 52-week low of $8.02 and a 52-week high of $10.04. The company has a 50-day moving average of $9.44 and a two-hundred day moving average of $9.45.

DNP Select Income Fund Announces Dividend

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

Insider Activity at DNP Select Income Fund

In other DNP Select Income Fund news, Director Geraldine M. Mcnamara sold 11,391 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $9.41, for a total value of $107,189.31. Following the sale, the director now owns 5,344 shares of the company’s stock, valued at $50,287.04. The trade was a 68.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.06% of the stock is currently owned by corporate insiders.

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.