EdgeRock Capital LLC Makes New $53,000 Investment in DNP Select Income Fund Inc. (NYSE:DNP)

EdgeRock Capital LLC bought a new position in DNP Select Income Fund Inc. (NYSE:DNP) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 5,923 shares of the investment management company’s stock, valued at approximately $53,000.

A number of other institutional investors have also bought and sold shares of the business. Balanced Wealth Group LLC purchased a new position in DNP Select Income Fund in the 4th quarter worth approximately $287,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in DNP Select Income Fund in the 4th quarter worth approximately $110,000. N.E.W. Advisory Services LLC raised its position in shares of DNP Select Income Fund by 5.1% during the 4th quarter. N.E.W. Advisory Services LLC now owns 444,850 shares of the investment management company’s stock valued at $3,772,000 after buying an additional 21,541 shares during the period. Apollon Wealth Management LLC raised its position in shares of DNP Select Income Fund by 21.7% during the 4th quarter. Apollon Wealth Management LLC now owns 738,710 shares of the investment management company’s stock valued at $6,264,000 after buying an additional 131,858 shares during the period. Finally, Private Advisor Group LLC raised its position in shares of DNP Select Income Fund by 5.3% during the 4th quarter. Private Advisor Group LLC now owns 183,466 shares of the investment management company’s stock valued at $1,556,000 after buying an additional 9,271 shares during the period. 8.51% of the stock is owned by hedge funds and other institutional investors.

DNP Select Income Fund Stock Up 0.5 %

Shares of DNP stock traded up $0.04 during trading on Wednesday, hitting $8.85. 550,473 shares of the stock traded hands, compared to its average volume of 618,275. The firm’s fifty day moving average price is $8.89 and its 200-day moving average price is $8.86. DNP Select Income Fund Inc. has a 52-week low of $8.09 and a 52-week high of $10.70.

DNP Select Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 31st will be given a dividend of $0.065 per share. This represents a $0.78 annualized dividend and a dividend yield of 8.82%. The ex-dividend date is Friday, May 31st.

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.