DNP Select Income Fund Inc. (NYSE:DNP) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC lessened its stake in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 13.5% in the 3rd quarter, Holdings Channel reports. The firm owned 121,296 shares of the investment management company’s stock after selling 18,934 shares during the period. Private Advisor Group LLC’s holdings in DNP Select Income Fund were worth $1,218,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Kovack Advisors Inc. raised its holdings in DNP Select Income Fund by 4.3% in the 1st quarter. Kovack Advisors Inc. now owns 52,871 shares of the investment management company’s stock valued at $480,000 after acquiring an additional 2,177 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in DNP Select Income Fund by 11.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 489,877 shares of the investment management company’s stock valued at $4,443,000 after acquiring an additional 49,111 shares during the last quarter. Hoertkorn Richard Charles raised its holdings in DNP Select Income Fund by 6.2% in the 1st quarter. Hoertkorn Richard Charles now owns 25,650 shares of the investment management company’s stock valued at $233,000 after acquiring an additional 1,500 shares during the last quarter. NTV Asset Management LLC purchased a new stake in shares of DNP Select Income Fund in the 1st quarter valued at approximately $141,000. Finally, Verus Capital Partners LLC grew its stake in shares of DNP Select Income Fund by 6.6% in the 1st quarter. Verus Capital Partners LLC now owns 65,217 shares of the investment management company’s stock valued at $592,000 after buying an additional 4,024 shares during the period. Institutional investors and hedge funds own 8.51% of the company’s stock.

DNP Select Income Fund Price Performance

DNP Select Income Fund stock opened at $9.54 on Friday. The firm has a 50 day simple moving average of $9.68 and a 200-day simple moving average of $9.01. DNP Select Income Fund Inc. has a 1-year low of $8.02 and a 1-year high of $10.04.

DNP Select Income Fund Announces Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Friday, November 1st will be given a $0.065 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a yield of 8.15%.

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.