Sanctuary Advisors LLC cut its stake in shares of DNP Select Income Fund Inc. (NYSE:DNP - Free Report) by 45.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in DNP. Safe Harbor Fiduciary LLC acquired a new position in DNP Select Income Fund during the third quarter valued at approximately $28,000. Crews Bank & Trust purchased a new stake in DNP Select Income Fund during the 4th quarter worth $29,000. UMB Bank n.a. acquired a new stake in DNP Select Income Fund in the 4th quarter valued at $34,000. Tandem Financial LLC purchased a new position in DNP Select Income Fund in the fourth quarter valued at about $34,000. Finally, Golden State Wealth Management LLC purchased a new position in DNP Select Income Fund in the fourth quarter valued at about $35,000. 8.51% of the stock is owned by hedge funds and other institutional investors.
DNP Select Income Fund Price Performance
Shares of NYSE DNP traded up $0.13 on Friday, hitting $9.48. The company had a trading volume of 447,171 shares, compared to its average volume of 690,330. DNP Select Income Fund Inc. has a 12-month low of $8.02 and a 12-month high of $10.04. The business has a 50 day moving average of $9.31 and a two-hundred 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. Shareholders of record on Monday, February 3rd were given a $0.065 dividend. This represents a yield of 8.24%. The ex-dividend date of this dividend was Friday, January 31st.
Insider Buying and Selling at DNP Select Income Fund
In other DNP Select Income Fund news, Director Geraldine M. Mcnamara sold 11,391 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $9.41, for a total value of $107,189.31. Following the completion of the transaction, the director now directly owns 5,344 shares of the company's stock, valued at $50,287.04. This represents a 68.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.06% of the stock is owned by corporate insiders.
DNP Select Income Fund Company Profile
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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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