DNP Select Income Fund Inc. (NYSE:DNP) Stock Holdings Lowered by Sound View Wealth Advisors Group LLC

Sound View Wealth Advisors Group LLC reduced its holdings in DNP Select Income Fund Inc. (NYSE:DNP) by 1.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 266,216 shares of the investment management company’s stock after selling 2,846 shares during the quarter. Sound View Wealth Advisors Group LLC’s holdings in DNP Select Income Fund were worth $2,348,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in DNP. US Bancorp DE lifted its position in shares of DNP Select Income Fund by 5.1% in the 3rd quarter. US Bancorp DE now owns 77,855 shares of the investment management company’s stock valued at $782,000 after acquiring an additional 3,809 shares in the last quarter. CWA Asset Management Group LLC purchased a new stake in shares of DNP Select Income Fund in the 3rd quarter valued at approximately $109,000. Nations Financial Group Inc. IA ADV purchased a new stake in shares of DNP Select Income Fund in the 3rd quarter valued at approximately $127,000. Apollon Wealth Management LLC lifted its position in DNP Select Income Fund by 2.9% in the 3rd quarter. Apollon Wealth Management LLC now owns 853,015 shares of the investment management company’s stock worth $8,564,000 after buying an additional 23,781 shares in the last quarter. Finally, First Heartland Consultants Inc. lifted its position in DNP Select Income Fund by 0.5% in the 3rd quarter. First Heartland Consultants Inc. now owns 277,516 shares of the investment management company’s stock worth $2,789,000 after buying an additional 1,363 shares in the last quarter. Hedge funds and other institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Trading Up 1.2 %

DNP stock opened at $9.47 on Friday. DNP Select Income Fund Inc. has a 12-month low of $8.02 and a 12-month high of $10.04. The company has a 50 day moving average of $9.33 and a two-hundred day moving average of $9.44.

DNP Select Income Fund Dividend Announcement

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

Insider Transactions at DNP Select Income Fund

In other news, Director Geraldine M. Mcnamara sold 11,391 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $9.41, for a total transaction of $107,189.31. Following the transaction, the director now owns 5,344 shares in the company, valued at $50,287.04. This represents a 68.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.06% of the stock is currently owned by company insiders.

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.