DNP Select Income Fund Inc. (NYSE:DNP) Shares Sold by Raymond James & Associates

Raymond James & Associates lowered its position in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 11.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 493,045 shares of the investment management company’s stock after selling 65,680 shares during the period. Raymond James & Associates owned approximately 0.14% of DNP Select Income Fund worth $4,181,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. SMI Advisory Services LLC acquired a new stake in shares of DNP Select Income Fund during the 4th quarter worth approximately $128,000. Advisor Resource Council acquired a new stake in DNP Select Income Fund in the 4th quarter valued at approximately $352,000. RDA Financial Network increased its holdings in DNP Select Income Fund by 10.9% in the 4th quarter. RDA Financial Network now owns 50,963 shares of the investment management company’s stock valued at $432,000 after purchasing an additional 4,989 shares during the last quarter. Ausdal Financial Partners Inc. increased its holdings in DNP Select Income Fund by 8.3% in the 4th quarter. Ausdal Financial Partners Inc. now owns 26,473 shares of the investment management company’s stock valued at $224,000 after purchasing an additional 2,025 shares during the last quarter. Finally, Gill Capital Partners LLC increased its holdings in DNP Select Income Fund by 9.4% in the 4th quarter. Gill Capital Partners LLC now owns 30,300 shares of the investment management company’s stock valued at $257,000 after purchasing an additional 2,595 shares during the last quarter. Institutional investors and hedge funds own 8.51% of the company’s stock.

DNP Select Income Fund Trading Down 0.3 %

DNP Select Income Fund stock opened at $8.96 on Friday. DNP Select Income Fund Inc. has a fifty-two week low of $8.09 and a fifty-two week high of $11.18. The firm has a 50 day moving average price of $8.89 and a 200 day moving average price of $8.96.

DNP Select Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, May 10th. Investors of record on Tuesday, April 30th will be issued a $0.065 dividend. The ex-dividend date is Monday, April 29th. This represents a $0.78 annualized dividend and a yield of 8.71%.

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.