DNP Select Income Fund Inc. (NYSE:DNP) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC trimmed its holdings in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 10.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,821 shares of the investment management company’s stock after selling 4,275 shares during the quarter. HighTower Advisors LLC’s holdings in DNP Select Income Fund were worth $316,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new position in DNP Select Income Fund during the fourth quarter worth about $7,738,000. Apollon Wealth Management LLC lifted its holdings in shares of DNP Select Income Fund by 1.4% in the 4th quarter. Apollon Wealth Management LLC now owns 864,905 shares of the investment management company’s stock worth $7,628,000 after acquiring an additional 11,890 shares during the last quarter. J.W. Cole Advisors Inc. boosted its position in shares of DNP Select Income Fund by 23.4% during the 4th quarter. J.W. Cole Advisors Inc. now owns 766,719 shares of the investment management company’s stock worth $6,762,000 after purchasing an additional 145,449 shares during the period. Kentucky Trust Co acquired a new stake in DNP Select Income Fund in the 4th quarter valued at approximately $5,598,000. Finally, IHT Wealth Management LLC increased its holdings in DNP Select Income Fund by 257.6% in the 3rd quarter. IHT Wealth Management LLC now owns 425,789 shares of the investment management company’s stock valued at $4,275,000 after purchasing an additional 306,712 shares during the last quarter. 8.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at DNP Select Income Fund

In other DNP Select Income Fund news, Director Geraldine M. Mcnamara sold 11,391 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 5,344 shares in the company, valued at $50,287.04. This represents a 68.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.06% of the stock is currently owned by company insiders.

DNP Select Income Fund Stock Performance

NYSE:DNP opened at $9.79 on Wednesday. DNP Select Income Fund Inc. has a 52 week low of $8.02 and a 52 week high of $10.04. The stock’s fifty day moving average is $9.49 and its two-hundred day moving average is $9.46.

DNP Select Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, May 12th. Investors of record on Wednesday, April 30th will be paid a dividend of $0.065 per share. This represents a $0.78 annualized dividend and a yield of 7.97%. The ex-dividend date of this dividend is Wednesday, April 30th.

DNP Select Income Fund 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.