Bay Colony Advisory Group Inc d b a Bay Colony Advisors Has $10.69 Million Position in DNP Select Income Fund Inc. (NYSE:DNP)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors decreased its position in shares of DNP Select Income Fund Inc. (NYSE:DNP - Free Report) by 6.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,211,538 shares of the investment management company's stock after selling 80,666 shares during the period. DNP Select Income Fund comprises 1.6% of Bay Colony Advisory Group Inc d b a Bay Colony Advisors' holdings, making the stock its 13th largest holding. Bay Colony Advisory Group Inc d b a Bay Colony Advisors owned approximately 0.33% of DNP Select Income Fund worth $10,686,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Kovack Advisors Inc. increased its position in DNP Select Income Fund by 2.4% during the 4th quarter. Kovack Advisors Inc. now owns 50,329 shares of the investment management company's stock worth $444,000 after purchasing an additional 1,184 shares in the last quarter. GPS Wealth Strategies Group LLC increased its holdings in shares of DNP Select Income Fund by 11.4% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 12,000 shares of the investment management company's stock worth $106,000 after buying an additional 1,225 shares in the last quarter. OneDigital Investment Advisors LLC lifted its stake in shares of DNP Select Income Fund by 11.2% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 12,508 shares of the investment management company's stock valued at $126,000 after acquiring an additional 1,263 shares during the last quarter. First Heartland Consultants Inc. boosted its holdings in shares of DNP Select Income Fund by 0.5% during the 3rd quarter. First Heartland Consultants Inc. now owns 277,516 shares of the investment management company's stock valued at $2,789,000 after acquiring an additional 1,363 shares in the last quarter. Finally, Stratos Wealth Advisors LLC grew its position in DNP Select Income Fund by 0.7% during the 4th quarter. Stratos Wealth Advisors LLC now owns 240,976 shares of the investment management company's stock worth $2,125,000 after acquiring an additional 1,749 shares during the last quarter. Institutional investors own 8.51% of the company's stock.

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Insider Activity at DNP Select Income Fund

In related news, Director Geraldine M. Mcnamara sold 11,391 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $9.41, for a total value of $107,189.31. Following the sale, the director now 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 SEC, which is available through the SEC website. 0.06% of the stock is owned by company insiders.

DNP Select Income Fund Price Performance

DNP traded down $0.07 on Tuesday, reaching $9.48. The stock had a trading volume of 693,680 shares, compared to its average volume of 675,196. DNP Select Income Fund Inc. has a fifty-two week low of $8.02 and a fifty-two week high of $10.04. The firm has a 50-day moving average of $9.33 and a 200-day moving average of $9.44.

DNP Select Income Fund Announces Dividend

The company also recently disclosed 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.

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.