Talon Private Wealth LLC Buys Shares of 51,533 DNP Select Income Fund Inc. $DNP

Talon Private Wealth LLC bought a new position in DNP Select Income Fund Inc. (NYSE:DNP) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 51,533 shares of the investment management company’s stock, valued at approximately $531,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DNP. Safe Harbor Fiduciary LLC acquired a new position in DNP Select Income Fund in the fourth quarter valued at about $28,000. Parallel Advisors LLC acquired a new stake in shares of DNP Select Income Fund during the fourth quarter worth about $32,000. Smithfield Trust Co bought a new position in shares of DNP Select Income Fund during the 4th quarter valued at about $33,000. Spire Wealth Management grew its position in shares of DNP Select Income Fund by 84.9% in the 4th quarter. Spire Wealth Management now owns 3,400 shares of the investment management company’s stock valued at $34,000 after purchasing an additional 1,561 shares during the period. Finally, Hilton Head Capital Partners LLC bought a new stake in DNP Select Income Fund during the 4th quarter worth approximately $48,000. 8.51% of the stock is owned by institutional investors.

DNP Select Income Fund Stock Performance

Shares of DNP stock opened at $10.97 on Thursday. DNP Select Income Fund Inc. has a 52 week low of $9.69 and a 52 week high of $11.16. The company’s 50 day moving average price is $10.85 and its two-hundred day moving average price is $10.54.

DNP Select Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, October 13th. Investors of record on Wednesday, September 30th will be given a $0.065 dividend. This represents a c) dividend on an annualized basis and a yield of 7.1%. The ex-dividend date of this dividend is Wednesday, September 30th.

About DNP Select Income Fund

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.