IHT Wealth Management LLC trimmed its holdings in shares of DNP Select Income Fund Inc. (NYSE:DNP - Free Report) by 8.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 391,935 shares of the investment management company's stock after selling 33,854 shares during the period. IHT Wealth Management LLC owned about 0.11% of DNP Select Income Fund worth $3,457,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Crews Bank & Trust acquired a new position in DNP Select Income Fund during the fourth quarter valued at approximately $29,000. UMB Bank n.a. bought a new stake in shares of DNP Select Income Fund during the 4th quarter worth approximately $34,000. Tandem Financial LLC acquired a new stake in shares of DNP Select Income Fund in the 4th quarter valued at approximately $34,000. Golden State Wealth Management LLC bought a new position in shares of DNP Select Income Fund in the fourth quarter valued at $35,000. Finally, Sandy Spring Bank grew its stake in shares of DNP Select Income Fund by 141.4% in the fourth quarter. Sandy Spring Bank now owns 4,951 shares of the investment management company's stock valued at $44,000 after buying an additional 2,900 shares in the last quarter. Institutional investors own 8.51% of the company's stock.
Insider Activity at DNP Select Income Fund
In related news, Director Geraldine M. Mcnamara sold 11,391 shares of the stock in a transaction on Wednesday, February 19th. The stock was 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 in the company, valued at approximately $50,287.04. This represents a 68.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.06% of the stock is currently owned by company insiders.
DNP Select Income Fund Stock Performance
NYSE DNP traded down $0.02 on Friday, hitting $9.53. 451,918 shares of the stock were exchanged, compared to its average volume of 693,851. The business's fifty day moving average is $9.48 and its 200 day moving average is $9.40. DNP Select Income Fund Inc. has a 52 week low of $8.02 and a 52 week high of $10.04.
DNP Select Income Fund Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Monday, May 12th. Stockholders of record on Wednesday, April 30th will be issued a $0.065 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 8.18%.
DNP Select Income Fund Company Profile
(
Free Report)
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.
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