Walser Wealth Management Company A Ltd Liability Co Takes $852,000 Position in DNP Select Income Fund Inc. $DNP

Walser Wealth Management Company A Ltd Liability Co bought a new position in DNP Select Income Fund Inc. (NYSE:DNP) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 85,304 shares of the investment management company’s stock, valued at approximately $852,000.

A number of other large investors have also recently made changes to their positions in the company. Safe Harbor Fiduciary LLC purchased a new stake in DNP Select Income Fund in the 4th quarter worth about $28,000. Ameriflex Group Inc. boosted its position in shares of DNP Select Income Fund by 100.0% during the third quarter. Ameriflex Group Inc. now owns 3,000 shares of the investment management company’s stock valued at $30,000 after buying an additional 1,500 shares during the period. Parallel Advisors LLC purchased a new position in shares of DNP Select Income Fund during the fourth quarter valued at approximately $32,000. Spire Wealth Management grew its stake in shares of DNP Select Income Fund by 84.9% during the fourth quarter. Spire Wealth Management now owns 3,400 shares of the investment management company’s stock valued at $34,000 after buying an additional 1,561 shares during the last quarter. Finally, Smithfield Trust Co bought a new position in shares of DNP Select Income Fund during the fourth quarter valued at approximately $33,000. 8.51% of the stock is owned by hedge funds and other institutional investors.

DNP Select Income Fund Trading Up 0.2%

Shares of NYSE DNP opened at $10.74 on Friday. The business’s 50 day moving average price is $10.68 and its 200-day moving average price is $10.35. DNP Select Income Fund Inc. has a fifty-two week low of $9.59 and a fifty-two week high of $10.92.

DNP Select Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, October 13th. Shareholders of record on Wednesday, September 30th will be given a $0.065 dividend. This represents a c) annualized dividend and a yield of 7.3%. The ex-dividend date of this dividend is Wednesday, September 30th.

DNP Select Income Fund Profile

DNP Select Income Fund is a closed‐end management investment company listed on the New York Stock Exchange under the symbol DNP. The fund’s primary objective is to provide high current income and, as a secondary objective, capital appreciation by investing in income‐producing securities.

To pursue its objectives, DNP Select Income Fund allocates the majority of its assets to equity and equity‐related securities of energy infrastructure companies, with a particular focus on master limited partnerships (MLPs) in the midstream sector.