Wealth Enhancement Advisory Services LLC Reduces Holdings in DNP Select Income Fund Inc. (NYSE:DNP)

Wealth Enhancement Advisory Services LLC reduced its stake in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 34.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,648 shares of the investment management company’s stock after selling 32,248 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in DNP Select Income Fund were worth $619,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DNP. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of DNP Select Income Fund during the third quarter worth about $44,000. Future Financial Wealth Managment LLC purchased a new position in DNP Select Income Fund during the 3rd quarter worth approximately $50,000. EdgeRock Capital LLC acquired a new position in DNP Select Income Fund during the second quarter worth approximately $49,000. Benjamin F. Edwards & Company Inc. lifted 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 buying an additional 1,150 shares during the last quarter. Finally, Saxon Interests Inc. acquired a new stake in shares of DNP Select Income Fund in the second quarter valued at approximately $82,000. 8.51% of the stock is owned by hedge funds and other institutional investors.

DNP Select Income Fund Stock Up 0.5 %

Shares of DNP Select Income Fund stock opened at $9.27 on Friday. The firm’s fifty day simple moving average is $9.67 and its 200-day simple moving average is $9.04. DNP Select Income Fund Inc. has a 12 month low of $8.02 and a 12 month high of $10.04.

DNP Select Income Fund Announces Dividend

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

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.