Fisher Asset Management LLC Acquires 4,189 Shares of DNP Select Income Fund Inc. (NYSE:DNP)

Fisher Asset Management LLC increased its holdings in DNP Select Income Fund Inc. (NYSE:DNP) by 40.2% in the 4th quarter, Holdings Channel reports. The fund owned 14,616 shares of the investment management company’s stock after buying an additional 4,189 shares during the quarter. Fisher Asset Management LLC’s holdings in DNP Select Income Fund were worth $124,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fortis Group Advisors LLC grew its stake in shares of DNP Select Income Fund by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 3,000 shares of the investment management company’s stock worth $25,000 after acquiring an additional 1,500 shares during the period. Principal Securities Inc. purchased a new position in shares of DNP Select Income Fund in the fourth quarter worth approximately $44,000. EdgeRock Capital LLC purchased a new position in shares of DNP Select Income Fund in the fourth quarter worth approximately $53,000. Tennessee Valley Asset Management Partners purchased a new position in shares of DNP Select Income Fund in the fourth quarter worth approximately $65,000. Finally, BOK Financial Private Wealth Inc. purchased a new position in shares of DNP Select Income Fund in the fourth quarter worth approximately $82,000. 8.51% of the stock is currently owned by institutional investors.

DNP Select Income Fund Price Performance

DNP opened at $8.23 on Thursday. The company’s 50 day moving average is $8.61 and its 200 day moving average is $8.73. DNP Select Income Fund Inc. has a 12-month low of $8.02 and a 12-month high of $10.53.

DNP Select Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.065 per share. This represents a $0.78 annualized dividend and a yield of 9.48%. The ex-dividend date is Monday, September 30th.

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.