D.A. Davidson & CO. Has $1.44 Million Stock Position in DNP Select Income Fund Inc. (NYSE:DNP)

D.A. Davidson & CO. reduced its position in DNP Select Income Fund Inc. (NYSE:DNP) by 9.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 162,854 shares of the investment management company’s stock after selling 17,027 shares during the period. D.A. Davidson & CO.’s holdings in DNP Select Income Fund were worth $1,436,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in DNP. Safe Harbor Fiduciary LLC acquired a new stake in shares of DNP Select Income Fund during the third quarter worth $28,000. Crews Bank & Trust acquired a new stake in shares of DNP Select Income Fund during the fourth quarter worth $29,000. UMB Bank n.a. acquired a new stake in shares of DNP Select Income Fund during the fourth quarter worth $34,000. Tandem Financial LLC acquired a new stake in shares of DNP Select Income Fund during the fourth quarter worth $34,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of DNP Select Income Fund during the fourth quarter worth $35,000. 8.51% of the stock is owned by institutional investors and hedge funds.

DNP Select Income Fund Stock Up 0.1 %

Shares of DNP Select Income Fund stock opened at $9.46 on Friday. DNP Select Income Fund Inc. has a 12 month low of $8.02 and a 12 month high of $10.04. The business has a fifty day simple moving average of $9.23 and a 200 day simple moving average of $9.41.

DNP Select Income Fund Announces Dividend

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

Insider Buying and Selling

In other DNP Select Income Fund news, Director Geraldine M. Mcnamara sold 11,391 shares of DNP Select Income Fund stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $9.41, for a total transaction of $107,189.31. Following the transaction, the director now directly owns 5,344 shares in the company, valued at approximately $50,287.04. The trade was a 68.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.06% of the stock is owned by insiders.

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.