Thrivent Financial for Lutherans Sells 8,016 Shares of DNP Select Income Fund Inc. (NYSE:DNP)

Thrivent Financial for Lutherans trimmed its stake in DNP Select Income Fund Inc. (NYSE:DNP – Get Rating) by 9.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 77,554 shares of the investment management company’s stock after selling 8,016 shares during the period. Thrivent Financial for Lutherans’ holdings in DNP Select Income Fund were worth $872,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Royal Bank of Canada increased its holdings in shares of DNP Select Income Fund by 1.3% during the third quarter. Royal Bank of Canada now owns 1,798,229 shares of the investment management company’s stock worth $18,630,000 after buying an additional 23,309 shares in the last quarter. LPL Financial LLC increased its holdings in shares of DNP Select Income Fund by 12.8% during the fourth quarter. LPL Financial LLC now owns 1,636,204 shares of the investment management company’s stock worth $18,407,000 after buying an additional 185,077 shares in the last quarter. American Financial Advisors LLC increased its holdings in shares of DNP Select Income Fund by 1.1% during the fourth quarter. American Financial Advisors LLC now owns 1,351,836 shares of the investment management company’s stock worth $15,208,000 after buying an additional 14,070 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of DNP Select Income Fund by 3.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 867,227 shares of the investment management company’s stock worth $9,756,000 after buying an additional 30,790 shares in the last quarter. Finally, Baird Financial Group Inc. increased its holdings in shares of DNP Select Income Fund by 4.8% during the third quarter. Baird Financial Group Inc. now owns 635,280 shares of the investment management company’s stock worth $6,582,000 after buying an additional 29,250 shares in the last quarter. 7.75% of the stock is currently owned by institutional investors.

DNP Select Income Fund Stock Performance

Shares of NYSE:DNP opened at $10.24 on Wednesday. DNP Select Income Fund Inc. has a twelve month low of $9.83 and a twelve month high of $11.84. The business has a fifty day moving average of $10.73 and a 200-day moving average of $11.14.

DNP Select Income Fund Dividend Announcement

The firm also recently announced a dividend, which was paid on Wednesday, May 10th. Stockholders of record on Friday, April 28th were paid a $0.065 dividend. The ex-dividend date was Thursday, April 27th. This represents a dividend yield of 7.27%.

Insider Activity

In other DNP Select Income Fund news, Director Mareile B. Cusack bought 4,752 shares of the stock in a transaction dated Wednesday, April 26th. The stock was bought at an average cost of $10.50 per share, for a total transaction of $49,896.00. Following the completion of the purchase, the director now owns 4,752 shares in the company, valued at approximately $49,896. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.03% of the stock is currently owned by corporate insiders.

DNP Select Income Fund Profile

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DNP Select Income Fund, Inc is a closed-end investment fund. Its investment objectives are current income, long-term growth of income and capital appreciation by investing primarily in a portfolio of equity and fixed income securities of companies in the public utilities industry. the company was founded on January 21, 1986 and is headquartered in Chicago, IL.