Oppenheimer & Co. Inc. Decreases Stock Holdings in DNP Select Income Fund Inc. (NYSE:DNP)

Oppenheimer & Co. Inc. trimmed its position in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 6.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 82,872 shares of the investment management company’s stock after selling 5,802 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in DNP Select Income Fund were worth $731,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of DNP. Safe Harbor Fiduciary LLC purchased a new stake in shares of DNP Select Income Fund during the third quarter valued at about $28,000. Crews Bank & Trust purchased a new position in shares of DNP Select Income Fund in the 4th quarter valued at approximately $29,000. UMB Bank n.a. purchased a new position in shares of DNP Select Income Fund in the 4th quarter valued at approximately $34,000. Tandem Financial LLC purchased a new position in shares of DNP Select Income Fund in the 4th quarter valued at approximately $34,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of DNP Select Income Fund in the 4th quarter valued at approximately $35,000. 8.51% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at DNP Select Income Fund

In related news, Director Geraldine M. Mcnamara sold 11,391 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $9.41, for a total value of $107,189.31. Following the transaction, the director now owns 5,344 shares in the company, valued at approximately $50,287.04. This represents a 68.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.06% of the stock is currently owned by insiders.

DNP Select Income Fund Stock Up 0.9 %

Shares of DNP Select Income Fund stock opened at $9.51 on Thursday. The company has a 50 day moving average price of $9.30 and a 200 day moving average price of $9.44. DNP Select Income Fund Inc. has a 52 week low of $8.02 and a 52 week high of $10.04.

DNP Select Income Fund Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, February 10th. Investors of record on Monday, February 3rd were given a $0.065 dividend. This represents a dividend yield of 8.24%. The ex-dividend date of this dividend was Friday, January 31st.

About DNP Select Income Fund

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.