Ames National Corp Purchases Shares of 13,845 DNP Select Income Fund Inc. (NYSE:DNP)

Ames National Corp acquired a new stake in DNP Select Income Fund Inc. (NYSE:DNP) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 13,845 shares of the investment management company’s stock, valued at approximately $122,000.

A number of other hedge funds also recently made changes to their positions in the business. Wells Fargo & Company MN boosted its stake in shares of DNP Select Income Fund by 995.9% in the 4th quarter. Wells Fargo & Company MN now owns 1,578,766 shares of the investment management company’s stock valued at $13,925,000 after purchasing an additional 1,434,708 shares in the last quarter. Raymond James Financial Inc. bought a new position in DNP Select Income Fund during the 4th quarter valued at about $7,738,000. Kentucky Trust Co acquired a new position in DNP Select Income Fund in the fourth quarter valued at about $5,598,000. Wolverine Asset Management LLC bought a new stake in DNP Select Income Fund during the fourth quarter worth about $2,915,000. Finally, Royal Bank of Canada grew its stake in DNP Select Income Fund by 10.2% during the fourth quarter. Royal Bank of Canada now owns 2,122,866 shares of the investment management company’s stock worth $18,724,000 after buying an additional 196,531 shares during the last quarter. Institutional investors and hedge funds own 8.51% of the company’s stock.

DNP Select Income Fund Stock Performance

Shares of NYSE:DNP opened at $9.87 on Wednesday. The business has a fifty day moving average of $9.54 and a 200-day moving average of $9.40. DNP Select Income Fund Inc. has a twelve month low of $8.02 and a twelve month high of $10.04.

DNP Select Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, May 12th. Shareholders of record on Wednesday, April 30th were given a $0.065 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $0.78 dividend on an annualized basis and a yield of 7.90%.

DNP Select Income Fund Company 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.