Sigma Planning Corp Reduces Stock Position in DNP Select Income Fund Inc. (NYSE:DNP)

Sigma Planning Corp lessened its holdings in DNP Select Income Fund Inc. (NYSE:DNP) by 2.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 52,885 shares of the investment management company’s stock after selling 1,285 shares during the quarter. Sigma Planning Corp’s holdings in DNP Select Income Fund were worth $531,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. boosted its stake in DNP Select Income Fund by 13.5% in 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 acquiring an additional 1,150 shares in the last quarter. Comerica Bank boosted its stake in DNP Select Income Fund by 3.7% in the first quarter. Comerica Bank now owns 36,781 shares of the investment management company’s stock valued at $334,000 after acquiring an additional 1,311 shares in the last quarter. PFG Investments LLC boosted its stake in DNP Select Income Fund by 3.8% in the second quarter. PFG Investments LLC now owns 46,534 shares of the investment management company’s stock valued at $383,000 after acquiring an additional 1,716 shares in the last quarter. HBK Sorce Advisory LLC boosted its stake in DNP Select Income Fund by 13.0% in the first quarter. HBK Sorce Advisory LLC now owns 20,840 shares of the investment management company’s stock valued at $189,000 after acquiring an additional 2,401 shares in the last quarter. Finally, MAS Advisors LLC boosted its stake in DNP Select Income Fund by 2.6% in the second quarter. MAS Advisors LLC now owns 99,926 shares of the investment management company’s stock valued at $821,000 after acquiring an additional 2,576 shares in the last quarter. Hedge funds and other institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Stock Performance

NYSE DNP opened at $9.26 on Friday. DNP Select Income Fund Inc. has a 1 year low of $8.02 and a 1 year high of $10.04. The company has a fifty day moving average of $9.65 and a two-hundred day moving average of $9.05.

DNP Select Income Fund Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, November 12th. Shareholders of record on Friday, November 1st were paid a $0.065 dividend. The ex-dividend date was Thursday, October 31st. This represents a yield of 8.15%.

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.