Cetera Investment Advisers Sells 30,456 Shares of DNP Select Income Fund Inc. (NYSE:DNP)

Cetera Investment Advisers cut its stake in DNP Select Income Fund Inc. (NYSE:DNP) by 2.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,198,206 shares of the investment management company’s stock after selling 30,456 shares during the quarter. Cetera Investment Advisers owned 0.34% of DNP Select Income Fund worth $9,849,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of DNP. Hartline Investment Corp bought a new stake in DNP Select Income Fund in the 1st quarter worth about $10,604,000. Wolverine Asset Management LLC lifted its holdings in DNP Select Income Fund by 5,329.4% during the second quarter. Wolverine Asset Management LLC now owns 231,293 shares of the investment management company’s stock worth $1,901,000 after acquiring an additional 227,033 shares during the period. Foguth Wealth Management LLC. purchased a new position in DNP Select Income Fund in the first quarter worth $1,005,000. Stock Yards Bank & Trust Co. grew its stake in DNP Select Income Fund by 250.6% in the 1st quarter. Stock Yards Bank & Trust Co. now owns 117,075 shares of the investment management company’s stock valued at $1,062,000 after purchasing an additional 83,686 shares during the period. Finally, U.S. Capital Wealth Advisors LLC purchased a new stake in shares of DNP Select Income Fund during the 2nd quarter valued at $678,000. Institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Trading Down 1.9 %

NYSE DNP opened at $9.65 on Friday. The business’s fifty day moving average is $9.45 and its 200-day moving average is $8.94. DNP Select Income Fund Inc. has a one year low of $8.02 and a one year high of $10.04.

DNP Select Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be paid a $0.065 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 8.08%. The ex-dividend date is Thursday, October 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.