Alchemi Wealth LLC Purchases Shares of 249,181 DNP Select Income Fund Inc. $DNP

Alchemi Wealth LLC acquired a new stake in shares of DNP Select Income Fund Inc. (NYSE:DNP) in the fourth quarter, Holdings Channel.com reports. The fund acquired 249,181 shares of the investment management company’s stock, valued at approximately $2,489,000. DNP Select Income Fund comprises about 1.4% of Alchemi Wealth LLC’s holdings, making the stock its 17th biggest holding.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ameriflex Group Inc. lifted its stake in DNP Select Income Fund by 100.0% during the third quarter. Ameriflex Group Inc. now owns 3,000 shares of the investment management company’s stock worth $30,000 after purchasing an additional 1,500 shares during the period. Parallel Advisors LLC bought a new position in DNP Select Income Fund during the fourth quarter worth about $32,000. Smithfield Trust Co bought a new position in DNP Select Income Fund during the fourth quarter worth about $33,000. Spire Wealth Management raised its stake in shares of DNP Select Income Fund by 84.9% in the fourth quarter. Spire Wealth Management now owns 3,400 shares of the investment management company’s stock valued at $34,000 after acquiring an additional 1,561 shares during the last quarter. Finally, Hilton Head Capital Partners LLC bought a new position in shares of DNP Select Income Fund in the fourth quarter valued at approximately $48,000. Institutional investors and hedge funds own 8.51% of the company’s stock.

DNP Select Income Fund Trading Up 0.3%

NYSE:DNP opened at $10.78 on Friday. DNP Select Income Fund Inc. has a 1 year low of $9.59 and a 1 year high of $10.92. The firm has a 50 day moving average of $10.65 and a 200-day moving average of $10.34.

DNP Select Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th will be issued a $0.065 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 7.2%.

About DNP Select Income Fund

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.