RDA Financial Network Acquires 82,161 Shares of DNP Select Income Fund Inc. $DNP

RDA Financial Network increased its stake in DNP Select Income Fund Inc. (NYSE:DNP) by 46.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 257,592 shares of the investment management company’s stock after acquiring an additional 82,161 shares during the period. RDA Financial Network owned approximately 0.07% of DNP Select Income Fund worth $2,573,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Ameriflex Group Inc. lifted its stake in shares of DNP Select Income Fund by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 3,000 shares of the investment management company’s stock valued at $30,000 after purchasing an additional 1,500 shares during the last quarter. City Holding Co. purchased a new stake in DNP Select Income Fund during the 3rd quarter valued at $37,000. Private Wealth Asset Management LLC purchased a new stake in DNP Select Income Fund during the 3rd quarter valued at $44,000. Jones Financial Companies Lllp bought a new stake in DNP Select Income Fund in the third quarter worth $83,000. Finally, Harpswell Capital Advisors LLC bought a new stake in DNP Select Income Fund in the third quarter worth $100,000. 8.51% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Mark G. Kahrer acquired 20,000 shares of DNP Select Income Fund stock in a transaction that occurred on Wednesday, February 11th. The shares were bought at an average cost of $10.21 per share, with a total value of $204,200.00. Following the transaction, the director directly owned 23,000 shares of the company’s stock, valued at $234,830. This trade represents a 666.67% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.02% of the company’s stock.

DNP Select Income Fund Stock Down 1.0%

NYSE DNP opened at $10.20 on Friday. DNP Select Income Fund Inc. has a 52 week low of $8.69 and a 52 week high of $10.65. The company has a fifty day moving average of $10.26 and a two-hundred day moving average of $10.11.

DNP Select Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.065 per share. This represents a c) annualized dividend and a yield of 7.6%. The ex-dividend date is Tuesday, June 30th.

DNP Select Income Fund Profile

DNP Select Income Fund is a closed‐end management investment company listed on the New York Stock Exchange under the symbol DNP. The fund’s primary objective is to provide high current income and, as a secondary objective, capital appreciation by investing in income‐producing securities.

To pursue its objectives, DNP Select Income Fund allocates the majority of its assets to equity and equity‐related securities of energy infrastructure companies, with a particular focus on master limited partnerships (MLPs) in the midstream sector.