Private Advisor Group LLC Sells 10,424 Shares of DNP Select Income Fund Inc. (NYSE:DNP)

Private Advisor Group LLC lessened its holdings in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 8.6% during the 4th quarter, Holdings Channel reports. The firm owned 110,872 shares of the investment management company’s stock after selling 10,424 shares during the period. Private Advisor Group LLC’s holdings in DNP Select Income Fund were worth $978,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kentucky Trust Co bought a new position in shares of DNP Select Income Fund during the fourth quarter worth $5,598,000. IHT Wealth Management LLC increased its holdings in DNP Select Income Fund by 257.6% in the 3rd quarter. IHT Wealth Management LLC now owns 425,789 shares of the investment management company’s stock valued at $4,275,000 after acquiring an additional 306,712 shares during the last quarter. J.W. Cole Advisors Inc. lifted its stake in DNP Select Income Fund by 23.4% in the 4th quarter. J.W. Cole Advisors Inc. now owns 766,719 shares of the investment management company’s stock worth $6,762,000 after purchasing an additional 145,449 shares in the last quarter. Barclays PLC bought a new position in shares of DNP Select Income Fund during the 3rd quarter valued at about $1,205,000. Finally, Thrivent Financial for Lutherans grew its position in shares of DNP Select Income Fund by 350.1% during the third quarter. Thrivent Financial for Lutherans now owns 135,695 shares of the investment management company’s stock valued at $1,363,000 after purchasing an additional 105,547 shares in the last quarter. Institutional investors own 8.51% of the company’s stock.

Insider Transactions 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 sale, the director now directly owns 5,344 shares in the company, valued at $50,287.04. The trade was a 68.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.06% of the company’s stock.

DNP Select Income Fund Stock Up 1.2 %

Shares of DNP stock opened at $9.57 on Friday. The stock’s 50-day moving average price is $9.27 and its 200-day moving average price is $9.42. DNP Select Income Fund Inc. has a 12-month low of $8.02 and a 12-month high of $10.04.

DNP Select Income Fund Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, February 10th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.065 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a dividend yield of 8.24%.

About DNP Select Income Fund

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.