Orion Portfolio Solutions LLC Reduces Stock Holdings in DNP Select Income Fund Inc. (NYSE:DNP)

Orion Portfolio Solutions LLC cut its stake in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 10.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 15,900 shares of the investment management company’s stock after selling 1,840 shares during the period. Orion Portfolio Solutions LLC’s holdings in DNP Select Income Fund were worth $140,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC lifted its position in shares of DNP Select Income Fund by 10.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 11,995 shares of the investment management company’s stock worth $106,000 after purchasing an additional 1,110 shares in the last quarter. Kovack Advisors Inc. increased its stake in DNP Select Income Fund by 2.4% during the 4th quarter. Kovack Advisors Inc. now owns 50,329 shares of the investment management company’s stock worth $444,000 after buying an additional 1,184 shares during the period. Tortoise Investment Management LLC lifted its holdings in DNP Select Income Fund by 2.0% in the 4th quarter. Tortoise Investment Management LLC now owns 61,439 shares of the investment management company’s stock worth $542,000 after buying an additional 1,220 shares in the last quarter. GPS Wealth Strategies Group LLC boosted its position in DNP Select Income Fund by 11.4% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 12,000 shares of the investment management company’s stock valued at $106,000 after buying an additional 1,225 shares during the last quarter. Finally, Hill Island Financial LLC grew its stake in shares of DNP Select Income Fund by 14.5% during the fourth quarter. Hill Island Financial LLC now owns 12,259 shares of the investment management company’s stock valued at $108,000 after acquiring an additional 1,549 shares in the last quarter. Hedge funds and other institutional investors own 8.51% of the company’s stock.

Insider Buying and Selling at DNP Select Income Fund

In other news, Director Geraldine M. Mcnamara sold 11,391 shares of the business’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 sale, the director now owns 5,344 shares of the company’s stock, valued at approximately $50,287.04. The trade was a 68.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.06% of the stock is currently owned by corporate insiders.

DNP Select Income Fund Stock Down 1.7 %

Shares of NYSE DNP opened at $9.24 on Friday. DNP Select Income Fund Inc. has a 1 year low of $8.02 and a 1 year high of $10.04. The stock’s 50-day simple moving average is $9.47 and its 200-day simple moving average is $9.42.

DNP Select Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, May 12th. Shareholders of record on Wednesday, April 30th will be issued a dividend of $0.065 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $0.78 annualized dividend and a yield of 8.45%.

DNP Select Income Fund Company 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.