Oppenheimer & Co. Inc. Has $890,000 Position in DNP Select Income Fund Inc. (NYSE:DNP)

Oppenheimer & Co. Inc. cut its holdings in DNP Select Income Fund Inc. (NYSE:DNP) by 5.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 88,674 shares of the investment management company’s stock after selling 4,902 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in DNP Select Income Fund were worth $890,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of DNP Select Income Fund during the third quarter valued at approximately $44,000. EdgeRock Capital LLC acquired a new position in DNP Select Income Fund during the 2nd quarter worth $49,000. Future Financial Wealth Managment LLC acquired a new position in DNP Select Income Fund during the 3rd quarter worth $50,000. Benjamin F. Edwards & Company Inc. boosted its position in DNP Select Income Fund by 13.5% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 9,647 shares of the investment management company’s stock valued at $79,000 after buying an additional 1,150 shares during the last quarter. Finally, Saxon Interests Inc. acquired a new stake in shares of DNP Select Income Fund in the 2nd quarter valued at $82,000. 8.51% of the stock is owned by institutional investors.

DNP Select Income Fund Stock Performance

DNP stock opened at $9.38 on Wednesday. The business has a fifty day moving average of $9.63 and a 200-day moving average of $9.07. DNP Select Income Fund Inc. has a twelve month low of $8.02 and a twelve month high of $10.04.

DNP Select Income Fund Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, November 12th. Shareholders of record on Friday, November 1st were given a dividend of $0.065 per share. The ex-dividend date was Thursday, October 31st. This represents a yield of 8.15%.

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.