XML Financial LLC Trims Stake in DNP Select Income Fund Inc. (NYSE:DNP)

XML Financial LLC lessened its holdings in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 10.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,177 shares of the investment management company’s stock after selling 1,713 shares during the period. XML Financial LLC’s holdings in DNP Select Income Fund were worth $134,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. UMB Bank n.a. purchased a new position in DNP Select Income Fund during the 4th quarter valued at $34,000. HB Wealth Management LLC bought a new stake in shares of DNP Select Income Fund during the fourth quarter worth $480,000. RDA Financial Network boosted its stake in shares of DNP Select Income Fund by 2.2% during the fourth quarter. RDA Financial Network now owns 113,638 shares of the investment management company’s stock valued at $1,002,000 after purchasing an additional 2,470 shares during the period. Miracle Mile Advisors LLC grew its holdings in shares of DNP Select Income Fund by 100.2% in the fourth quarter. Miracle Mile Advisors LLC now owns 40,438 shares of the investment management company’s stock worth $357,000 after purchasing an additional 20,238 shares during the last quarter. Finally, Future Financial Wealth Managment LLC increased its stake in DNP Select Income Fund by 160.0% in the 4th quarter. Future Financial Wealth Managment LLC now owns 13,000 shares of the investment management company’s stock worth $115,000 after buying an additional 8,000 shares during the period. Institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Trading Down 0.6 %

Shares of DNP opened at $9.23 on Friday. DNP Select Income Fund Inc. has a 1-year low of $8.02 and a 1-year high of $10.04. The company has a 50-day moving average of $9.25 and a 200 day moving average of $9.30.

DNP Select Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 31st will be issued a $0.065 dividend. The ex-dividend date is Friday, January 31st. This represents a $0.78 dividend on an annualized basis and a dividend yield of 8.46%.

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.