Wedbush Securities Inc. acquired a new position in shares of DNP Select Income Fund Inc. (NYSE:DNP) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 15,775 shares of the investment management company’s stock, valued at approximately $164,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. D.A. Davidson & CO. grew its position in DNP Select Income Fund by 7.3% during the fourth quarter. D.A. Davidson & CO. now owns 94,510 shares of the investment management company’s stock valued at $983,000 after purchasing an additional 6,467 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new position in DNP Select Income Fund during the fourth quarter valued at approximately $111,000. Mascoma Wealth Management LLC grew its position in DNP Select Income Fund by 3.3% in the fourth quarter. Mascoma Wealth Management LLC now owns 92,031 shares of the investment management company’s stock worth $957,000 after acquiring an additional 2,975 shares in the last quarter. Flagship Harbor Advisors LLC grew its position in DNP Select Income Fund by 282.1% in the fourth quarter. Flagship Harbor Advisors LLC now owns 2,709 shares of the investment management company’s stock worth $28,000 after acquiring an additional 2,000 shares in the last quarter. Finally, GSB Wealth Management LLC grew its position in DNP Select Income Fund by 1.0% in the fourth quarter. GSB Wealth Management LLC now owns 164,407 shares of the investment management company’s stock worth $1,712,000 after acquiring an additional 1,706 shares in the last quarter. 4.10% of the stock is owned by institutional investors and hedge funds.

DNP stock traded up $0.04 during trading hours on Monday, hitting $11.26. The company’s stock had a trading volume of 114,607 shares, compared to its average volume of 372,630. DNP Select Income Fund Inc. has a 12 month low of $9.71 and a 12 month high of $11.22.

The firm also recently announced a monthly dividend, which will be paid on Monday, February 11th. Shareholders of record on Thursday, January 31st will be given a $0.065 dividend. This represents a $0.78 annualized dividend and a yield of 6.93%. The ex-dividend date is Wednesday, January 30th.

In other DNP Select Income Fund news, insider International Group I. American bought 660 shares of the firm’s stock in a transaction on Tuesday, January 29th. The stock was bought at an average cost of $100,000.00 per share, with a total value of $66,000,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David J. Vitale bought 7,000 shares of the firm’s stock in a transaction on Wednesday, January 2nd. The stock was acquired at an average cost of $10.44 per share, with a total value of $73,080.00. The disclosure for this purchase can be found here. Insiders own 0.08% of the company’s stock.

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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.

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Institutional Ownership by Quarter for DNP Select Income Fund (NYSE:DNP)

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