Balanced Wealth Group LLC Reduces Stock Position in DNP Select Income Fund Inc. (NYSE:DNP)

Balanced Wealth Group LLC decreased its holdings in DNP Select Income Fund Inc. (NYSE:DNP) by 4.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,632 shares of the investment management company’s stock after selling 1,386 shares during the period. Balanced Wealth Group LLC’s holdings in DNP Select Income Fund were worth $227,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. MAS Advisors LLC grew its holdings in shares of 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 worth $821,000 after purchasing an additional 2,576 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in DNP Select Income Fund by 13.5% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 9,647 shares of the investment management company’s stock worth $79,000 after acquiring an additional 1,150 shares in the last quarter. Stock Yards Bank & Trust Co. increased its position in shares of DNP Select Income Fund by 4.1% during the second quarter. Stock Yards Bank & Trust Co. now owns 121,925 shares of the investment management company’s stock worth $1,002,000 after acquiring an additional 4,850 shares during the period. J.W. Cole Advisors Inc. increased its position in shares of DNP Select Income Fund by 3.6% during the second quarter. J.W. Cole Advisors Inc. now owns 433,331 shares of the investment management company’s stock worth $3,562,000 after acquiring an additional 15,118 shares during the period. Finally, SYM FINANCIAL Corp bought a new stake in shares of DNP Select Income Fund during the second quarter valued at approximately $93,000. Hedge funds and other institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Price Performance

Shares of NYSE:DNP opened at $9.86 on Friday. The business’s 50 day moving average is $9.19 and its 200 day moving average is $8.87. DNP Select Income Fund Inc. has a 52-week low of $8.02 and a 52-week high of $10.05.

DNP Select Income Fund Dividend Announcement

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

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.