DNP Select Income Fund Inc. (NYSE:DNP) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC trimmed its position in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 7.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 375,229 shares of the investment management company’s stock after selling 28,768 shares during the quarter. Janney Montgomery Scott LLC’s holdings in DNP Select Income Fund were worth $3,310,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in DNP. UMB Bank n.a. acquired a new position in DNP Select Income Fund in the 4th quarter worth about $34,000. HB Wealth Management LLC purchased a new stake in shares of DNP Select Income Fund in the fourth quarter valued at approximately $480,000. RDA Financial Network raised its stake in shares of DNP Select Income Fund by 2.2% during the 4th quarter. RDA Financial Network now owns 113,638 shares of the investment management company’s stock worth $1,002,000 after buying an additional 2,470 shares during the period. Miracle Mile Advisors LLC lifted its position in shares of DNP Select Income Fund by 100.2% during the 4th quarter. Miracle Mile Advisors LLC now owns 40,438 shares of the investment management company’s stock valued at $357,000 after buying an additional 20,238 shares in the last quarter. Finally, Future Financial Wealth Managment LLC grew its stake in DNP Select Income Fund by 160.0% in the 4th quarter. Future Financial Wealth Managment LLC now owns 13,000 shares of the investment management company’s stock valued at $115,000 after acquiring an additional 8,000 shares during the period. 8.51% of the stock is currently owned by institutional investors and hedge funds.

DNP Select Income Fund Price Performance

Shares of NYSE DNP opened at $9.49 on Friday. DNP Select Income Fund Inc. has a one year low of $8.02 and a one year high of $10.04. The firm has a fifty day moving average of $9.25 and a 200 day moving average of $9.34.

DNP Select Income Fund Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, February 10th. Investors of record on Monday, February 3rd will be given a dividend of $0.065 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a dividend yield of 8.24%.

DNP Select Income Fund 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.