Foguth Wealth Management LLC. Takes $865,000 Position in DNP Select Income Fund Inc. $DNP

Foguth Wealth Management LLC. purchased a new stake in DNP Select Income Fund Inc. (NYSE:DNP) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 87,049 shares of the investment management company’s stock, valued at approximately $865,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Ameriflex Group Inc. raised its position in 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 acquiring an additional 1,500 shares in the last quarter. City Holding Co. bought a new stake in DNP Select Income Fund in the third quarter worth approximately $37,000. Private Wealth Asset Management LLC bought a new stake in DNP Select Income Fund in the third quarter worth approximately $44,000. Jones Financial Companies Lllp acquired a new position in shares of DNP Select Income Fund during the 3rd quarter worth $83,000. Finally, Harpswell Capital Advisors LLC acquired a new position in shares of DNP Select Income Fund during the 3rd quarter worth $100,000. Institutional investors and hedge funds own 8.51% of the company’s stock.

Insider Buying and Selling at DNP Select Income Fund

In related news, Director Mark G. Kahrer purchased 20,000 shares of DNP Select Income Fund stock in a transaction on Wednesday, February 11th. The stock was bought at an average price of $10.21 per share, with a total value of $204,200.00. Following the completion of the transaction, the director directly owned 23,000 shares of the company’s stock, valued at approximately $234,830. This represents a 666.67% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.02% of the stock is owned by corporate insiders.

DNP Select Income Fund Stock Down 1.0%

DNP stock opened at $10.20 on Friday. DNP Select Income Fund Inc. has a 1 year low of $8.69 and a 1 year high of $10.65. The company has a fifty day simple moving average of $10.26 and a 200 day simple moving average of $10.11.

DNP Select Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.065 per share. This represents a c) annualized dividend and a yield of 7.6%. The ex-dividend date is Tuesday, June 30th.

DNP Select Income Fund Company 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.