Sanctuary Advisors LLC Decreases Holdings in DNP Select Income Fund Inc. (NYSE:DNP)

Sanctuary Advisors LLC trimmed its stake in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 45.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,050 shares of the investment management company’s stock after selling 29,842 shares during the period. Sanctuary Advisors LLC’s holdings in DNP Select Income Fund were worth $341,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Safe Harbor Fiduciary LLC purchased a new position in DNP Select Income Fund during the third quarter valued at $28,000. Crews Bank & Trust purchased a new position in shares of DNP Select Income Fund in the fourth quarter worth about $29,000. UMB Bank n.a. purchased a new position in shares of DNP Select Income Fund in the fourth quarter worth about $34,000. Tandem Financial LLC purchased a new position in shares of DNP Select Income Fund in the fourth quarter worth about $34,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of DNP Select Income Fund in the fourth quarter worth about $35,000. 8.51% of the stock is owned by hedge funds and other institutional investors.

DNP Select Income Fund Price Performance

NYSE:DNP opened at $9.54 on Tuesday. The company’s 50-day moving average price is $9.29 and its 200-day moving average price is $9.44. DNP Select Income Fund Inc. has a twelve month low of $8.02 and a twelve month high of $10.04.

DNP Select Income Fund Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, February 10th. Stockholders of record on Monday, February 3rd were paid a $0.065 dividend. This represents a dividend yield of 8.24%. The ex-dividend date was Friday, January 31st.

Insider Transactions at DNP Select Income Fund

In other DNP Select Income Fund news, Director Geraldine M. Mcnamara sold 11,391 shares of DNP Select Income Fund stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $9.41, for a total transaction of $107,189.31. Following the transaction, the director now directly owns 5,344 shares of the company’s stock, valued at $50,287.04. The trade was a 68.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.06% of the company’s stock.

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.