Janney Montgomery Scott LLC Sells 28,768 Shares of DNP Select Income Fund Inc. (NYSE:DNP)

Janney Montgomery Scott LLC decreased its stake in DNP Select Income Fund Inc. (NYSE:DNP - Free Report) by 7.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 375,229 shares of the investment management company's stock after selling 28,768 shares during the period. Janney Montgomery Scott LLC's holdings in DNP Select Income Fund were worth $3,310,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Barclays PLC bought a new stake in shares of DNP Select Income Fund in the 3rd quarter worth approximately $1,205,000. Bard Financial Services Inc. bought a new stake in DNP Select Income Fund in the fourth quarter worth $763,000. Avior Wealth Management LLC purchased a new stake in DNP Select Income Fund during the third quarter valued at about $567,000. Thrivent Financial for Lutherans grew its stake in shares of DNP Select Income Fund by 350.1% during the third quarter. Thrivent Financial for Lutherans now owns 135,695 shares of the investment management company's stock valued at $1,363,000 after buying an additional 105,547 shares during the last quarter. Finally, Stifel Financial Corp increased its holdings in shares of DNP Select Income Fund by 9.4% in the third quarter. Stifel Financial Corp now owns 64,144 shares of the investment management company's stock worth $644,000 after buying an additional 5,524 shares during the period. Hedge funds and other institutional investors own 8.51% of the company's stock.

DNP Select Income Fund Trading Down 0.8 %

DNP stock traded down $0.08 during trading on Tuesday, hitting $9.33. 510,747 shares of the company traded hands, compared to its average volume of 723,970. The company has a 50-day moving average of $9.24 and a 200-day moving average of $9.36. DNP Select Income Fund Inc. has a 1 year low of $8.02 and a 1 year high of $10.04.

DNP Select Income Fund Dividend Announcement

The company also recently announced a dividend, which will be paid on Monday, February 10th. Stockholders of record on Monday, February 3rd will be issued a $0.065 dividend. This represents a dividend yield of 8.24%. The ex-dividend date is Friday, January 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.