Morey & Quinn Wealth Partners LLC Invests $306,000 in DNP Select Income Fund Inc. (NYSE:DNP)

Morey & Quinn Wealth Partners LLC bought a new stake in shares of DNP Select Income Fund Inc. (NYSE:DNP) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 34,700 shares of the investment management company’s stock, valued at approximately $306,000.

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

Insider Buying and Selling

In related news, Director Geraldine M. Mcnamara sold 11,391 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $9.41, for a total value of $107,189.31. Following the completion of the sale, the director now 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.06% of the stock is currently owned by company insiders.

DNP Select Income Fund Price Performance

NYSE DNP opened at $9.63 on Wednesday. DNP Select Income Fund Inc. has a one year low of $8.02 and a one year high of $10.04. The business has a fifty day moving average price of $9.44 and a 200 day moving average price of $9.45.

DNP Select Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Monday, June 30th will be paid a $0.065 dividend. This represents a $0.78 annualized dividend and a dividend yield of 8.10%. The ex-dividend date of this dividend is Monday, June 30th.

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.