American Financial Advisors LLC lessened its holdings in DNP Select Income Fund Inc. (NYSE:DNP - Free Report) by 11.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 754,877 shares of the investment management company's stock after selling 101,971 shares during the period. DNP Select Income Fund comprises approximately 1.0% of American Financial Advisors LLC's portfolio, making the stock its 25th biggest position. American Financial Advisors LLC owned about 0.21% of DNP Select Income Fund worth $7,579,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in DNP Select Income Fund in the 3rd quarter worth approximately $44,000. EdgeRock Capital LLC purchased a new stake in shares of DNP Select Income Fund during the second quarter worth $49,000. Future Financial Wealth Managment LLC purchased a new stake in shares of DNP Select Income Fund during the third quarter worth $50,000. Benjamin F. Edwards & Company Inc. boosted its position in DNP Select Income Fund by 13.5% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 9,647 shares of the investment management company's stock valued at $79,000 after purchasing an additional 1,150 shares during the last quarter. Finally, Saxon Interests Inc. purchased a new position in DNP Select Income Fund in the second quarter valued at about $82,000. Hedge funds and other institutional investors own 8.51% of the company's stock.
DNP Select Income Fund Stock Down 1.0 %
Shares of DNP traded down $0.09 during midday trading on Tuesday, reaching $9.61. 582,544 shares of the stock were exchanged, compared to its average volume of 661,910. DNP Select Income Fund Inc. has a 12-month low of $8.02 and a 12-month high of $10.04. The firm has a 50 day simple moving average of $9.67 and a 200-day simple moving average of $9.01.
DNP Select Income Fund Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be paid a dividend of $0.065 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.78 annualized dividend and a dividend yield of 8.12%.
About DNP Select Income Fund
(
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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