DNP Select Income Fund Inc. (NYSE:DNP) Holdings Cut by Cerro Pacific Wealth Advisors LLC

Cerro Pacific Wealth Advisors LLC lowered its stake in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 42.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,413 shares of the investment management company’s stock after selling 7,613 shares during the period. Cerro Pacific Wealth Advisors LLC’s holdings in DNP Select Income Fund were worth $92,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Barclays PLC acquired a new stake in DNP Select Income Fund during the third quarter valued at $1,205,000. Bard Financial Services Inc. bought a new stake in shares of DNP Select Income Fund in the 4th quarter valued at approximately $763,000. Avior Wealth Management LLC acquired a new position in DNP Select Income Fund in the third quarter worth approximately $567,000. Thrivent Financial for Lutherans raised its position in DNP Select Income Fund by 350.1% during the third quarter. Thrivent Financial for Lutherans now owns 135,695 shares of the investment management company’s stock valued at $1,363,000 after acquiring an additional 105,547 shares in the last quarter. Finally, Stifel Financial Corp raised its position in DNP Select Income Fund by 9.4% during the third quarter. Stifel Financial Corp now owns 64,144 shares of the investment management company’s stock valued at $644,000 after acquiring an additional 5,524 shares in the last quarter. 8.51% of the stock is currently owned by hedge funds and other institutional investors.

DNP Select Income Fund Price Performance

DNP stock opened at $9.23 on Friday. The firm has a 50 day moving average of $9.25 and a two-hundred day moving average of $9.30. DNP Select Income Fund Inc. has a 12 month low of $8.02 and a 12 month high of $10.04.

DNP Select Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, February 10th. Shareholders of record on Friday, January 31st will be issued a dividend of $0.065 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.78 annualized dividend and a yield of 8.46%.

DNP Select Income Fund 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.