Wealthcare Advisory Partners LLC Cuts Position in DNP Select Income Fund Inc. (NYSE:DNP)

Wealthcare Advisory Partners LLC cut its holdings in DNP Select Income Fund Inc. (NYSE:DNP) by 2.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,123 shares of the investment management company’s stock after selling 1,088 shares during the period. Wealthcare Advisory Partners LLC’s holdings in DNP Select Income Fund were worth $354,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Safe Harbor Fiduciary LLC bought a new stake in shares of DNP Select Income Fund in the 3rd quarter worth approximately $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of DNP Select Income Fund in the 3rd quarter worth approximately $44,000. Future Financial Wealth Managment LLC purchased a new position in shares of DNP Select Income Fund during the third quarter valued at approximately $50,000. Larson Financial Group LLC purchased a new stake in DNP Select Income Fund in the third quarter worth $54,000. Finally, Benjamin F. Edwards & Company Inc. increased its position in shares of DNP Select Income Fund by 13.5% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 9,647 shares of the investment management company’s stock valued at $79,000 after buying an additional 1,150 shares during the period. 8.51% of the stock is owned by institutional investors.

DNP Select Income Fund Stock Performance

Shares of DNP opened at $9.48 on Wednesday. DNP Select Income Fund Inc. has a one year low of $8.02 and a one year high of $10.04. The company has a 50-day simple moving average of $9.25 and a two-hundred day simple moving average of $9.30.

DNP Select Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 10th. Shareholders of record on Friday, January 31st will be issued a $0.065 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.78 dividend on an annualized basis and a yield of 8.23%.

About DNP Select Income Fund

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.