Waters Parkerson & CO. LLC Has $168,000 Holdings in DNP Select Income Fund Inc. (NYSE:DNP)

Waters Parkerson & CO. LLC decreased its holdings in DNP Select Income Fund Inc. (NYSE:DNP) by 51.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,404 shares of the investment management company’s stock after selling 22,000 shares during the period. Waters Parkerson & CO. LLC’s holdings in DNP Select Income Fund were worth $168,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in DNP. Fortis Group Advisors LLC increased its holdings in shares of DNP Select Income Fund by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 3,000 shares of the investment management company’s stock worth $25,000 after acquiring an additional 1,500 shares during the last quarter. Principal Securities Inc. acquired a new position in shares of DNP Select Income Fund in the fourth quarter valued at $44,000. EdgeRock Capital LLC bought a new position in shares of DNP Select Income Fund in the second quarter valued at about $49,000. Benjamin F. Edwards & Company Inc. lifted its stake in shares of DNP Select Income Fund by 13.5% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 9,647 shares of the investment management company’s stock worth $79,000 after buying an additional 1,150 shares during the last quarter. Finally, Saxon Interests Inc. bought a new position in DNP Select Income Fund in the 2nd quarter valued at about $82,000. 8.51% of the stock is owned by institutional investors and hedge funds.

DNP Select Income Fund Stock Performance

Shares of NYSE:DNP opened at $9.86 on Friday. DNP Select Income Fund Inc. has a 12-month low of $8.02 and a 12-month high of $10.05. The business has a 50 day moving average of $9.19 and a 200-day moving average of $8.87.

DNP Select Income Fund Dividend Announcement

The company also recently declared a dividend, which was paid on Monday, August 12th. Investors of record on Thursday, August 1st were paid a $0.065 dividend. The ex-dividend date was Wednesday, July 31st. This represents a yield of 8.7%.

DNP Select Income Fund 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.