DNP Select Income Fund Inc. (NYSE:DNP – Get Free Report) shares saw an uptick in trading volume on Tuesday . 387,475 shares were traded during mid-day trading, a decline of 42% from the previous session’s volume of 669,004 shares.The stock last traded at $10.1440 and had previously closed at $10.26.
DNP Select Income Fund Price Performance
The business’s 50-day moving average price is $10.89 and its 200 day moving average price is $10.69.
Hedge Funds Weigh In On DNP Select Income Fund
Institutional investors have recently bought and sold shares of the business. Axiom Investment Management LLC bought a new position in shares of DNP Select Income Fund during the first quarter worth approximately $25,000. Global Retirement Partners LLC bought a new stake in shares of DNP Select Income Fund in the second quarter valued at approximately $31,000. Smithfield Trust Co bought a new stake in shares of DNP Select Income Fund in the fourth quarter valued at approximately $33,000. Hilton Head Capital Partners LLC acquired a new stake in DNP Select Income Fund during the fourth quarter worth approximately $48,000. Finally, Global Assets Advisory LLC acquired a new stake in DNP Select Income Fund during the first quarter worth approximately $79,000. Institutional investors and hedge funds own 8.51% of the company’s stock.
DNP Select Income Fund Company Profile
DNP Select Income Fund, Inc is a closed-end management investment company listed on the New York Stock Exchange under the symbol DNP. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective.
DNP invests primarily in companies involved in public utilities and other infrastructure-related industries. Its portfolio has historically emphasized electric, natural gas and telecommunications businesses, including regulated utilities and other issuers whose operations may generate relatively stable cash flows and dividend income.
The fund is managed by Duff & Phelps Investment Management Co, an investment adviser specializing in utility and infrastructure securities.
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