Sanctuary Advisors LLC Trims Stock Position in DNP Select Income Fund Inc. (NYSE:DNP)

Sanctuary Advisors LLC cut its position in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 45.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 36,050 shares of the investment management company’s stock after selling 29,842 shares during the quarter. Sanctuary Advisors LLC’s holdings in DNP Select Income Fund were worth $341,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Safe Harbor Fiduciary LLC acquired a new stake in shares of DNP Select Income Fund during the third quarter valued at about $28,000. Crews Bank & Trust acquired a new stake in shares of DNP Select Income Fund during the fourth quarter valued at about $29,000. UMB Bank n.a. acquired a new stake in shares of DNP Select Income Fund during the fourth quarter valued at about $34,000. Tandem Financial LLC acquired a new stake in shares of DNP Select Income Fund during the fourth quarter valued at about $34,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of DNP Select Income Fund during 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 Trading Down 0.4 %

Shares of DNP opened at $9.54 on Tuesday. DNP Select Income Fund Inc. has a 1-year low of $8.02 and a 1-year high of $10.04. The firm has a 50-day simple moving average of $9.29 and a two-hundred day simple moving average of $9.44.

DNP Select Income Fund Announces Dividend

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

Insider Activity at DNP Select Income Fund

In other DNP Select Income Fund news, Director Geraldine M. Mcnamara sold 11,391 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $9.41, for a total transaction of $107,189.31. Following the completion of the transaction, the director now 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 legal filing with the SEC, which is available at this link. Company insiders own 0.06% of the company’s stock.

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.