Jacobi Capital Management LLC Purchases 7,347 Shares of DNP Select Income Fund Inc. (NYSE:DNP)

Jacobi Capital Management LLC increased its position in DNP Select Income Fund Inc. (NYSE:DNP) by 51.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,512 shares of the investment management company’s stock after acquiring an additional 7,347 shares during the period. Jacobi Capital Management LLC’s holdings in DNP Select Income Fund were worth $190,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Apollon Wealth Management LLC grew its holdings in shares of DNP Select Income Fund by 1.4% in the fourth quarter. Apollon Wealth Management LLC now owns 864,905 shares of the investment management company’s stock worth $7,628,000 after acquiring an additional 11,890 shares during the period. J.W. Cole Advisors Inc. grew its holdings in DNP Select Income Fund by 23.4% during the fourth quarter. J.W. Cole Advisors Inc. now owns 766,719 shares of the investment management company’s stock valued at $6,762,000 after purchasing an additional 145,449 shares during the period. Kentucky Trust Co bought a new stake in DNP Select Income Fund during the fourth quarter valued at about $5,598,000. IHT Wealth Management LLC grew its holdings in DNP Select Income Fund by 257.6% during the third quarter. IHT Wealth Management LLC now owns 425,789 shares of the investment management company’s stock valued at $4,275,000 after purchasing an additional 306,712 shares during the period. Finally, Wolverine Asset Management LLC bought a new stake in DNP Select Income Fund during the fourth quarter valued at about $2,915,000. Institutional investors own 8.51% of the company’s stock.

Insider Activity

In other news, Director Geraldine M. Mcnamara sold 11,391 shares of the company’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 approximately $50,287.04. This represents a 68.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.06% of the company’s stock.

DNP Select Income Fund Price Performance

NYSE:DNP opened at $9.54 on Tuesday. The stock has a 50-day simple moving average of $9.29 and a two-hundred day simple moving average of $9.44. DNP Select Income Fund Inc. has a 52-week low of $8.02 and a 52-week high of $10.04.

DNP Select Income Fund Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, February 10th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.065 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a dividend yield of 8.24%.

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.