Creative Planning Sells 16,197 Shares of DNP Select Income Fund Inc. (NYSE:DNP)

Creative Planning trimmed its position in DNP Select Income Fund Inc. (NYSE:DNP) by 17.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 76,884 shares of the investment management company’s stock after selling 16,197 shares during the quarter. Creative Planning’s holdings in DNP Select Income Fund were worth $632,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in shares of DNP Select Income Fund by 6.2% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,241,779 shares of the investment management company’s stock valued at $10,207,000 after purchasing an additional 72,687 shares during the last quarter. Cetera Investment Advisers increased its position in DNP Select Income Fund by 571.5% during the 1st quarter. Cetera Investment Advisers now owns 1,228,662 shares of the investment management company’s stock worth $11,144,000 after purchasing an additional 1,045,691 shares in the last quarter. Hartline Investment Corp bought a new position in DNP Select Income Fund in the 1st quarter valued at approximately $10,604,000. Commonwealth Equity Services LLC boosted its position in DNP Select Income Fund by 7.7% in the second quarter. Commonwealth Equity Services LLC now owns 1,036,658 shares of the investment management company’s stock valued at $8,521,000 after buying an additional 74,012 shares in the last quarter. Finally, Apollon Wealth Management LLC grew its stake in shares of DNP Select Income Fund by 1.9% during the second quarter. Apollon Wealth Management LLC now owns 829,234 shares of the investment management company’s stock worth $6,816,000 after buying an additional 15,819 shares during the last quarter. 8.51% of the stock is currently owned by institutional investors and hedge funds.

DNP Select Income Fund Price Performance

NYSE DNP opened at $9.61 on Monday. DNP Select Income Fund Inc. has a twelve month low of $8.02 and a twelve month high of $10.04. The business’s fifty day moving average is $9.50 and its 200 day moving average is $8.95.

DNP Select Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be given a dividend of $0.065 per share. This represents a $0.78 annualized dividend and a yield of 8.12%. The ex-dividend date of this dividend is Thursday, October 31st.

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.