Main Street Group LTD Has $172,000 Stock Holdings in DNP Select Income Fund Inc. (NYSE:DNP)

Main Street Group LTD decreased its holdings in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 14.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 19,522 shares of the investment management company’s stock after selling 3,366 shares during the period. Main Street Group LTD’s holdings in DNP Select Income Fund were worth $172,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Wells Fargo & Company MN increased its holdings in DNP Select Income Fund by 995.9% in the fourth quarter. Wells Fargo & Company MN now owns 1,578,766 shares of the investment management company’s stock valued at $13,925,000 after purchasing an additional 1,434,708 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of DNP Select Income Fund during the 4th quarter worth about $7,738,000. Kentucky Trust Co bought a new stake in shares of DNP Select Income Fund in the 4th quarter valued at about $5,598,000. Wolverine Asset Management LLC bought a new stake in shares of DNP Select Income Fund in the 4th quarter valued at about $2,915,000. Finally, Cohen & Steers Inc. raised its position in shares of DNP Select Income Fund by 104.4% in the 4th quarter. Cohen & Steers Inc. now owns 360,387 shares of the investment management company’s stock valued at $3,179,000 after acquiring an additional 184,064 shares during the period. Institutional investors and hedge funds own 8.51% of the company’s stock.

Insider Buying and Selling

In other DNP Select Income Fund news, Director Geraldine M. Mcnamara sold 11,391 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $9.41, for a total transaction of $107,189.31. Following the transaction, the director now owns 5,344 shares of the company’s stock, valued at $50,287.04. The trade was a 68.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.06% of the stock is owned by corporate insiders.

DNP Select Income Fund Stock Performance

Shares of NYSE DNP opened at $9.64 on Wednesday. DNP Select Income Fund Inc. has a 52-week low of $8.02 and a 52-week high of $10.04. The firm has a 50 day moving average price of $9.51 and a 200 day moving average price of $9.39.

DNP Select Income Fund Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, May 12th. Shareholders of record on Wednesday, April 30th were paid a $0.065 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 8.09%. The ex-dividend date was Wednesday, April 30th.

DNP Select Income Fund Company 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.