Waters Parkerson & CO. LLC Sells 22,000 Shares of DNP Select Income Fund Inc. (NYSE:DNP)

Waters Parkerson & CO. LLC decreased its position in DNP Select Income Fund Inc. (NYSE:DNP) by 51.9% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 20,404 shares of the investment management company’s stock after selling 22,000 shares during the period. Waters Parkerson & CO. LLC’s holdings in DNP Select Income Fund were worth $168,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Principal Securities Inc. acquired a new position in DNP Select Income Fund during the fourth quarter worth $44,000. Gladstone Institutional Advisory LLC grew its holdings in shares of DNP Select Income Fund by 189.8% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 34,080 shares of the investment management company’s stock valued at $289,000 after acquiring an additional 22,320 shares in the last quarter. Corient Private Wealth LLC increased its position in shares of DNP Select Income Fund by 11.6% in the fourth quarter. Corient Private Wealth LLC now owns 57,507 shares of the investment management company’s stock valued at $488,000 after acquiring an additional 5,979 shares during the last quarter. US Bancorp DE raised its holdings in DNP Select Income Fund by 45.4% during the fourth quarter. US Bancorp DE now owns 83,231 shares of the investment management company’s stock worth $706,000 after acquiring an additional 25,990 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its position in DNP Select Income Fund by 6.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 45,224 shares of the investment management company’s stock valued at $384,000 after purchasing an additional 2,653 shares during the last quarter. Institutional investors and hedge funds own 8.51% of the company’s stock.

DNP Select Income Fund Stock Up 0.9 %

NYSE:DNP opened at $9.86 on Friday. DNP Select Income Fund Inc. has a twelve month low of $8.02 and a twelve month high of $10.05. The stock’s 50 day moving average price is $9.19 and its two-hundred day moving average price is $8.87.

DNP Select Income Fund Announces Dividend

The company also recently declared a dividend, which was paid on Monday, August 12th. Shareholders of record on Thursday, August 1st were given a dividend of $0.065 per share. This represents a yield of 8.7%. The ex-dividend date of this dividend was Wednesday, July 31st.

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.