Rockefeller Capital Management L.P. Increases Stock Position in DNP Select Income Fund Inc. (NYSE:DNP)

Rockefeller Capital Management L.P. lifted its holdings in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 0.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 176,602 shares of the investment management company’s stock after purchasing an additional 1,413 shares during the period. Rockefeller Capital Management L.P.’s holdings in DNP Select Income Fund were worth $1,558,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. EverSource Wealth Advisors LLC increased its position in DNP Select Income Fund by 10.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 11,995 shares of the investment management company’s stock worth $106,000 after buying an additional 1,110 shares in the last quarter. Kovack Advisors Inc. raised its stake in DNP Select Income Fund by 2.4% in the 4th quarter. Kovack Advisors Inc. now owns 50,329 shares of the investment management company’s stock valued at $444,000 after purchasing an additional 1,184 shares during the last quarter. Tortoise Investment Management LLC lifted its holdings in DNP Select Income Fund by 2.0% in the 4th quarter. Tortoise Investment Management LLC now owns 61,439 shares of the investment management company’s stock valued at $542,000 after purchasing an additional 1,220 shares in the last quarter. GPS Wealth Strategies Group LLC lifted its holdings in DNP Select Income Fund by 11.4% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 12,000 shares of the investment management company’s stock valued at $106,000 after purchasing an additional 1,225 shares in the last quarter. Finally, Hill Island Financial LLC grew its holdings in shares of DNP Select Income Fund by 14.5% during the fourth quarter. Hill Island Financial LLC now owns 12,259 shares of the investment management company’s stock worth $108,000 after buying an additional 1,549 shares in the last quarter. 8.51% of the stock is owned by hedge funds and other institutional investors.

DNP Select Income Fund Price Performance

NYSE:DNP opened at $9.46 on Monday. The firm has a 50 day simple moving average of $9.47 and a 200-day simple moving average of $9.40. DNP Select Income Fund Inc. has a 1-year low of $8.02 and a 1-year high of $10.04.

DNP Select Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, May 12th. Shareholders of record on Wednesday, April 30th will be paid a dividend of $0.065 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 8.25%. The ex-dividend date is Wednesday, April 30th.

Insider Transactions at DNP Select Income Fund

In related news, Director Geraldine M. Mcnamara sold 11,391 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $9.41, for a total value of $107,189.31. Following the sale, the director now directly owns 5,344 shares of the company’s stock, valued at approximately $50,287.04. This trade represents a 68.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.06% of the company’s stock.

About DNP Select Income Fund

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.