Indie Asset Partners LLC Reduces Position in DNP Select Income Fund Inc. (NYSE:DNP)

Indie Asset Partners LLC reduced its position in DNP Select Income Fund Inc. (NYSE:DNP) by 3.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,450 shares of the investment management company’s stock after selling 1,662 shares during the quarter. Indie Asset Partners LLC’s holdings in DNP Select Income Fund were worth $527,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in DNP. Cetera Investment Advisers boosted its stake in shares of DNP Select Income Fund by 571.5% during the first quarter. Cetera Investment Advisers now owns 1,228,662 shares of the investment management company’s stock valued at $11,144,000 after purchasing an additional 1,045,691 shares during the period. J.W. Cole Advisors Inc. boosted its position in DNP Select Income Fund by 43.4% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 621,270 shares of the investment management company’s stock valued at $6,238,000 after buying an additional 187,939 shares during the period. Janney Montgomery Scott LLC grew its stake in DNP Select Income Fund by 11.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 489,877 shares of the investment management company’s stock worth $4,443,000 after acquiring an additional 49,111 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of DNP Select Income Fund during the second quarter worth approximately $557,000. Finally, CWM LLC increased its position in shares of DNP Select Income Fund by 20.5% during the third quarter. CWM LLC now owns 27,761 shares of the investment management company’s stock worth $279,000 after acquiring an additional 4,714 shares during the period. Institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Trading Down 2.4 %

Shares of NYSE DNP opened at $9.31 on Friday. DNP Select Income Fund Inc. has a 52-week low of $8.02 and a 52-week high of $10.04. The stock has a 50 day moving average price of $9.69 and a 200 day moving average price of $9.02.

DNP Select Income Fund Announces Dividend

The company also recently declared a dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Friday, November 1st will be given a dividend of $0.065 per share. This represents a dividend yield of 8.15%. The ex-dividend date is Thursday, October 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.