American Financial Advisors LLC Sells 136,468 Shares of DNP Select Income Fund Inc. (NYSE:DNP)

American Financial Advisors LLC lowered its stake in DNP Select Income Fund Inc. (NYSE:DNP) by 18.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 618,409 shares of the investment management company’s stock after selling 136,468 shares during the quarter. DNP Select Income Fund makes up approximately 0.8% of American Financial Advisors LLC’s investment portfolio, making the stock its 27th largest position. American Financial Advisors LLC’s holdings in DNP Select Income Fund were worth $5,454,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of DNP. Safe Harbor Fiduciary LLC acquired a new position in shares of DNP Select Income Fund during the 3rd quarter worth approximately $28,000. Crews Bank & Trust bought a new position in shares of DNP Select Income Fund in the fourth quarter valued at $29,000. UMB Bank n.a. bought a new position in shares of DNP Select Income Fund in the fourth quarter valued at $34,000. Tandem Financial LLC acquired a new position in DNP Select Income Fund during the fourth quarter worth $34,000. Finally, Golden State Wealth Management LLC bought a new stake in DNP Select Income Fund during the fourth quarter worth $35,000. Institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Price Performance

Shares of DNP opened at $9.38 on Friday. The firm has a 50-day moving average of $9.22 and a 200-day moving average of $9.39. DNP Select Income Fund Inc. has a one year low of $8.02 and a one year high of $10.04.

DNP Select Income Fund Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, February 10th. Investors of record on Monday, February 3rd were issued a dividend of $0.065 per share. This represents a yield of 8.24%. The ex-dividend date was 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.