First Heartland Consultants Inc. Purchases 2,107 Shares of DNP Select Income Fund Inc. (NYSE:DNP)

First Heartland Consultants Inc. raised its holdings in DNP Select Income Fund Inc. (NYSE:DNP) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 258,175 shares of the investment management company’s stock after acquiring an additional 2,107 shares during the period. First Heartland Consultants Inc. owned about 0.07% of DNP Select Income Fund worth $2,189,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Principal Securities Inc. acquired a new stake in DNP Select Income Fund during the 4th quarter worth approximately $44,000. EdgeRock Capital LLC bought a new position in DNP Select Income Fund during the 4th quarter worth about $53,000. NBC Securities Inc. acquired a new stake in shares of DNP Select Income Fund in the 3rd quarter valued at about $65,000. Tennessee Valley Asset Management Partners bought a new stake in shares of DNP Select Income Fund in the fourth quarter valued at about $65,000. Finally, BOK Financial Private Wealth Inc. bought a new stake in shares of DNP Select Income Fund in the fourth quarter valued at about $82,000. 8.51% of the stock is currently owned by institutional investors.

DNP Select Income Fund Trading Up 0.5 %

NYSE DNP traded up $0.04 during trading on Friday, hitting $8.81. The stock had a trading volume of 549,316 shares, compared to its average volume of 700,886. DNP Select Income Fund Inc. has a 12 month low of $8.09 and a 12 month high of $10.53. The company’s 50-day moving average price is $8.90 and its two-hundred day moving average price is $8.85.

DNP Select Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 31st will be given a $0.065 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 8.85%. The ex-dividend date of this dividend is Friday, May 31st.

DNP Select Income Fund Profile

DNP Select Income Fund Inc is a closed ended balanced mutual fund launched by Virtus Investment Partners, Inc The fund is managed by Duff & Phelps Investment Management Co It invests in the public equity and fixed income markets of the United States. For the fixed income portion, the fund invests in bonds.