Raymond James & Associates raised its position in DNP Select Income Fund Inc. (NYSE:DNP – Get Rating) by 6.1% during the fourth quarter, HoldingsChannel reports. The firm owned 566,249 shares of the investment management company’s stock after buying an additional 32,392 shares during the quarter. Raymond James & Associates’ holdings in DNP Select Income Fund were worth $6,370,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of DNP. Farmers & Merchants Investments Inc. grew its position in shares of DNP Select Income Fund by 795.6% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 2,248 shares of the investment management company’s stock valued at $25,000 after buying an additional 1,997 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of DNP Select Income Fund during the third quarter worth about $27,000. Romano Brothers AND Company acquired a new stake in DNP Select Income Fund during the 4th quarter worth approximately $45,000. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new position in shares of DNP Select Income Fund in the 1st quarter valued at approximately $49,000. Finally, Oliver Lagore Vanvalin Investment Group increased its holdings in shares of DNP Select Income Fund by 88.9% in the third quarter. Oliver Lagore Vanvalin Investment Group now owns 4,568 shares of the investment management company’s stock valued at $47,000 after purchasing an additional 2,150 shares during the period. 7.75% of the stock is currently owned by institutional investors and hedge funds.
DNP Select Income Fund Stock Down 0.3 %
Shares of NYSE DNP opened at $10.28 on Monday. The stock has a fifty day moving average price of $10.76 and a 200 day moving average price of $11.15. DNP Select Income Fund Inc. has a 1-year low of $9.83 and a 1-year high of $11.84.
DNP Select Income Fund Dividend Announcement
In other news, Director Mareile B. Cusack purchased 4,752 shares of the business’s stock in a transaction that occurred on Wednesday, April 26th. The stock was purchased at an average cost of $10.50 per share, with a total value of $49,896.00. Following the completion of the acquisition, the director now directly owns 4,752 shares of the company’s stock, valued at approximately $49,896. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.03% of the company’s stock.
DNP Select Income Fund Profile
DNP Select Income Fund, Inc is a closed-end investment fund. Its investment objectives are current income, long-term growth of income and capital appreciation by investing primarily in a portfolio of equity and fixed income securities of companies in the public utilities industry. the company was founded on January 21, 1986 and is headquartered in Chicago, IL.
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