Future Financial Wealth Managment LLC Buys 8,000 Shares of DNP Select Income Fund Inc. (NYSE:DNP)

Future Financial Wealth Managment LLC increased its position in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 160.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,000 shares of the investment management company’s stock after purchasing an additional 8,000 shares during the quarter. Future Financial Wealth Managment LLC’s holdings in DNP Select Income Fund were worth $115,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of DNP. Safe Harbor Fiduciary LLC acquired a new stake in shares of DNP Select Income Fund during the 3rd quarter worth approximately $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in DNP Select Income Fund during the third quarter worth $44,000. Larson Financial Group LLC acquired a new stake in shares of DNP Select Income Fund in the 3rd quarter valued at $54,000. Benjamin F. Edwards & Company Inc. increased its stake in shares of DNP Select Income Fund by 13.5% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 9,647 shares of the investment management company’s stock valued at $79,000 after purchasing an additional 1,150 shares during the last quarter. Finally, TRUE Private Wealth Advisors bought a new position in shares of DNP Select Income Fund in the 3rd quarter valued at $102,000. 8.51% of the stock is currently owned by institutional investors and hedge funds.

DNP Select Income Fund Price Performance

Shares of DNP stock traded down $0.04 on Monday, hitting $9.19. 488,875 shares of the company’s stock were exchanged, compared to its average volume of 913,984. DNP Select Income Fund Inc. has a 12 month low of $8.02 and a 12 month high of $10.04. The company has a 50 day moving average of $9.25 and a 200 day moving average of $9.25.

DNP Select Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 31st will be issued a dividend of $0.065 per share. This represents a $0.78 annualized dividend and a dividend yield of 8.49%. The ex-dividend date is Friday, January 31st.

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.