Shares of DNP Select Income Fund Inc. (NYSE:DNP – Get Free Report) saw an uptick in trading volume on Tuesday . 387,475 shares were traded during 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 stock has a 50-day moving average of $10.89 and a 200 day moving average of $10.69.
Institutional Investors Weigh In On DNP Select Income Fund
Large investors have recently bought and sold shares of the company. Axiom Investment Management LLC acquired a new position in shares of DNP Select Income Fund in the 1st quarter valued at approximately $25,000. Global Retirement Partners LLC acquired a new stake in shares of DNP Select Income Fund during the 2nd quarter worth approximately $31,000. Smithfield Trust Co bought a new position in DNP Select Income Fund in the fourth quarter valued at approximately $33,000. Hilton Head Capital Partners LLC bought a new position in DNP Select Income Fund in the fourth quarter valued at approximately $48,000. Finally, Global Assets Advisory LLC acquired a new position in DNP Select Income Fund during the first quarter valued at approximately $79,000. 8.51% of the stock is currently owned by institutional investors and hedge funds.
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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