Bartlett & Co. LLC Buys New Position in DNP Select Income Fund Inc. (DNP)

Bartlett & Co. LLC bought a new stake in DNP Select Income Fund Inc. (NYSE:DNP) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 175,825 shares of the investment management company’s stock, valued at approximately $1,899,000. Bartlett & Co. LLC owned approximately 0.06% of DNP Select Income Fund at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in DNP. Iron Financial LLC acquired a new stake in DNP Select Income Fund during the 3rd quarter worth approximately $116,000. Oppenheimer & Co. Inc. increased its position in DNP Select Income Fund by 6.2% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 13,742 shares of the investment management company’s stock worth $151,000 after purchasing an additional 800 shares in the last quarter. Southeast Asset Advisors Inc. increased its position in DNP Select Income Fund by 9.2% during the 2nd quarter. Southeast Asset Advisors Inc. now owns 16,843 shares of the investment management company’s stock worth $185,000 after purchasing an additional 1,425 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in DNP Select Income Fund in the third quarter valued at approximately $190,000. Finally, AE Wealth Management LLC acquired a new stake in DNP Select Income Fund in the third quarter valued at approximately $196,000. Institutional investors own 3.91% of the company’s stock.

In related news, Director Clifford W. Jr. Hoffman purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was acquired at an average price of $10.33 per share, with a total value of $103,300.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.07% of the stock is currently owned by company insiders.

Shares of DNP Select Income Fund Inc. (NYSE:DNP) traded up $0.15 during trading hours on Friday, reaching $10.15. 531,224 shares of the company’s stock traded hands, compared to its average volume of 545,782. DNP Select Income Fund Inc. has a one year low of $9.71 and a one year high of $11.57.

The business also recently declared a monthly dividend, which will be paid on Monday, February 12th. Stockholders of record on Wednesday, January 31st will be given a dividend of $0.065 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 7.68%. The ex-dividend date is Tuesday, January 30th.

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About DNP Select Income Fund

DNP Select Income Fund Inc is a closed-end diversified management investment company. The Fund’s primary investment objectives are current income and long-term growth of income. Capital appreciation is a secondary objective. It seeks to achieve its investment objectives by investing primarily in the public utility industry.

Institutional Ownership by Quarter for DNP Select Income Fund (NYSE:DNP)

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