Signal Advisors Wealth LLC Sells 4,036 Shares of DNP Select Income Fund Inc. (NYSE:DNP)

Signal Advisors Wealth LLC lessened its position in DNP Select Income Fund Inc. (NYSE:DNP) by 3.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 100,422 shares of the investment management company’s stock after selling 4,036 shares during the quarter. Signal Advisors Wealth LLC’s holdings in DNP Select Income Fund were worth $892,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Choreo LLC purchased a new stake in DNP Select Income Fund in the 2nd quarter worth about $202,000. Stock Yards Bank & Trust Co. grew its stake in shares of DNP Select Income Fund by 4.1% during the second quarter. Stock Yards Bank & Trust Co. now owns 121,925 shares of the investment management company’s stock valued at $1,002,000 after buying an additional 4,850 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of DNP Select Income Fund by 13.5% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 9,647 shares of the investment management company’s stock worth $79,000 after buying an additional 1,150 shares during the period. MAS Advisors LLC lifted its stake in shares of DNP Select Income Fund by 2.6% during the 2nd quarter. MAS Advisors LLC now owns 99,926 shares of the investment management company’s stock worth $821,000 after acquiring an additional 2,576 shares during the last quarter. Finally, Truist Financial Corp boosted its holdings in DNP Select Income Fund by 18.9% during the 2nd quarter. Truist Financial Corp now owns 90,605 shares of the investment management company’s stock valued at $745,000 after acquiring an additional 14,434 shares during the period. Institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Trading Up 1.2 %

DNP stock opened at $9.27 on Wednesday. DNP Select Income Fund Inc. has a twelve month low of $8.02 and a twelve month high of $10.04. The business’s fifty day simple moving average is $9.25 and its two-hundred day simple moving average is $9.26.

DNP Select Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 31st will be paid a $0.065 dividend. This represents a $0.78 annualized dividend and a yield of 8.41%. The ex-dividend date is Friday, January 31st.

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.