Thrivent Financial for Lutherans Acquires 4,167 Shares of DNP Select Income Fund Inc. (NYSE:DNP)

Thrivent Financial for Lutherans lifted its holdings in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 3.1% in the 4th quarter, Holdings Channel reports. The firm owned 139,862 shares of the investment management company’s stock after acquiring an additional 4,167 shares during the period. Thrivent Financial for Lutherans’ holdings in DNP Select Income Fund were worth $1,243,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. First National Advisers LLC purchased a new position in DNP Select Income Fund in the 4th quarter worth approximately $89,000. GWN Securities Inc. purchased a new position in DNP Select Income Fund in the fourth quarter worth $463,000. Commonwealth Equity Services LLC increased its stake in DNP Select Income Fund by 5.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 1,159,114 shares of the investment management company’s stock valued at $10,223,000 after acquiring an additional 60,825 shares during the last quarter. HBK Sorce Advisory LLC raised its position in DNP Select Income Fund by 10.0% during the fourth quarter. HBK Sorce Advisory LLC now owns 21,160 shares of the investment management company’s stock valued at $187,000 after purchasing an additional 1,924 shares in the last quarter. Finally, Essential Planning LLC. bought a new stake in DNP Select Income Fund during the fourth quarter worth about $1,440,000. 8.51% of the stock is currently owned by institutional investors.

DNP Select Income Fund Trading Down 0.6 %

DNP opened at $9.87 on Tuesday. DNP Select Income Fund Inc. has a 12-month low of $8.02 and a 12-month high of $10.04. The stock has a 50-day moving average price of $9.48 and a 200-day moving average price of $9.45.

DNP Select Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, May 12th. Shareholders of record on Wednesday, April 30th will be given a dividend of $0.065 per share. This represents a $0.78 dividend on an annualized basis and a yield of 7.91%. The ex-dividend date is Wednesday, April 30th.

Insiders Place Their Bets

In other news, Director Geraldine M. Mcnamara sold 11,391 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $9.41, for a total transaction of $107,189.31. Following the transaction, the director now directly owns 5,344 shares of the company’s stock, valued at approximately $50,287.04. This trade represents a 68.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.06% of the company’s stock.

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.