Bard Financial Services Inc. Makes New $763,000 Investment in DNP Select Income Fund Inc. (NYSE:DNP)

Bard Financial Services Inc. acquired a new stake in DNP Select Income Fund Inc. (NYSE:DNP) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 86,495 shares of the investment management company’s stock, valued at approximately $763,000.

Several other large investors also recently modified their holdings of DNP. Benjamin F. Edwards & Company Inc. grew its stake in DNP Select Income Fund by 13.5% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 9,647 shares of the investment management company’s stock valued at $79,000 after buying an additional 1,150 shares during the last quarter. OneDigital Investment Advisors LLC grew its position in shares of DNP Select Income Fund by 11.2% in the third quarter. OneDigital Investment Advisors LLC now owns 12,508 shares of the investment management company’s stock valued at $126,000 after purchasing an additional 1,263 shares during the last quarter. First Heartland Consultants Inc. increased its stake in shares of DNP Select Income Fund by 0.5% during the third quarter. First Heartland Consultants Inc. now owns 277,516 shares of the investment management company’s stock worth $2,789,000 after purchasing an additional 1,363 shares during the period. PFG Investments LLC lifted its holdings in DNP Select Income Fund by 3.8% during the 2nd quarter. PFG Investments LLC now owns 46,534 shares of the investment management company’s stock worth $383,000 after purchasing an additional 1,716 shares during the last quarter. Finally, MAS Advisors LLC boosted its stake in DNP Select Income Fund by 2.6% in the 2nd quarter. MAS Advisors LLC now owns 99,926 shares of the investment management company’s stock valued at $821,000 after purchasing an additional 2,576 shares during the period. 8.51% of the stock is owned by institutional investors.

DNP Select Income Fund Stock Down 0.8 %

DNP stock traded down $0.07 during trading hours on Monday, hitting $9.16. 735,183 shares of the stock were exchanged, compared to its average volume of 994,149. DNP Select Income Fund Inc. has a 12 month low of $8.02 and a 12 month high of $10.04. The company has a 50-day simple moving average of $9.29 and a two-hundred day simple moving average of $9.22.

DNP Select Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 10th. Shareholders of record on Friday, January 31st will be paid a $0.065 dividend. This represents a $0.78 annualized dividend and a yield of 8.52%. The ex-dividend date is Friday, January 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.