Steward Partners Investment Advisory LLC Trims Stake in DNP Select Income Fund Inc. (NYSE:DNP)

Steward Partners Investment Advisory LLC reduced its position in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 19.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,626 shares of the investment management company’s stock after selling 2,623 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in DNP Select Income Fund were worth $94,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of DNP. Kentucky Trust Co purchased a new position in DNP Select Income Fund during the 4th quarter worth $5,598,000. Wolverine Asset Management LLC purchased a new position in DNP Select Income Fund during the 4th quarter worth $2,915,000. IHT Wealth Management LLC increased its holdings in DNP Select Income Fund by 257.6% during the 3rd quarter. IHT Wealth Management LLC now owns 425,789 shares of the investment management company’s stock worth $4,275,000 after purchasing an additional 306,712 shares during the period. J.W. Cole Advisors Inc. increased its holdings in shares of DNP Select Income Fund by 23.4% in the 4th quarter. J.W. Cole Advisors Inc. now owns 766,719 shares of the investment management company’s stock valued at $6,762,000 after acquiring an additional 145,449 shares during the period. Finally, Barclays PLC purchased a new position in shares of DNP Select Income Fund in the 3rd quarter valued at $1,205,000. 8.51% of the stock is currently owned by hedge funds and other institutional investors.

DNP Select Income Fund Trading Up 1.4 %

Shares of NYSE:DNP opened at $9.65 on Tuesday. DNP Select Income Fund Inc. has a 12-month low of $8.02 and a 12-month high of $10.04. The business’s fifty day simple moving average is $9.39 and its 200-day simple moving average is $9.45.

DNP Select Income Fund Dividend Announcement

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

Insider Activity

In other news, Director Geraldine M. Mcnamara sold 11,391 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $9.41, for a total value of $107,189.31. Following the completion of the sale, the director now owns 5,344 shares of the company’s stock, valued at $50,287.04. This trade represents a 68.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.06% of the company’s stock.

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.