DNP Select Income Fund Inc. (NYSE:DNP) Shares Sold by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. cut its position in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 5.4% during the 4th quarter, Holdings Channel reports. The firm owned 26,004 shares of the investment management company’s stock after selling 1,490 shares during the period. Great Valley Advisor Group Inc.’s holdings in DNP Select Income Fund were worth $221,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in DNP Select Income Fund by 353.1% in the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,027,018 shares of the investment management company’s stock worth $8,709,000 after acquiring an additional 800,351 shares in the last quarter. Sowell Financial Services LLC acquired a new position in DNP Select Income Fund in the fourth quarter worth approximately $964,000. Wolverine Asset Management LLC bought a new position in shares of DNP Select Income Fund in the fourth quarter valued at $1,401,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of DNP Select Income Fund during the 3rd quarter valued at $108,000. Finally, Advisor Resource Council bought a new stake in shares of DNP Select Income Fund during the 4th quarter worth $352,000. Institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Price Performance

Shares of DNP Select Income Fund stock opened at $8.73 on Tuesday. DNP Select Income Fund Inc. has a 12-month low of $8.09 and a 12-month high of $10.70. The stock’s fifty day moving average is $8.90 and its 200-day moving average is $8.86.

DNP Select Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.065 per share. This represents a $0.78 dividend on an annualized basis and a yield of 8.93%. The ex-dividend date of this dividend is Friday, May 31st.

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.