Merit Financial Group LLC Has $233,000 Stock Position in DNP Select Income Fund Inc. (NYSE:DNP)

Merit Financial Group LLC lessened its stake in DNP Select Income Fund Inc. (NYSE:DNP) by 19.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,488 shares of the investment management company’s stock after selling 6,503 shares during the quarter. Merit Financial Group LLC’s holdings in DNP Select Income Fund were worth $233,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in DNP. Investment Partners LTD. boosted its stake in DNP Select Income Fund by 2.8% in the 3rd quarter. Investment Partners LTD. now owns 46,026 shares of the investment management company’s stock worth $438,000 after purchasing an additional 1,260 shares during the period. Sigma Planning Corp boosted its position in shares of DNP Select Income Fund by 4.6% during the third quarter. Sigma Planning Corp now owns 39,463 shares of the investment management company’s stock worth $376,000 after buying an additional 1,731 shares during the period. Oppenheimer & Co. Inc. grew its holdings in shares of DNP Select Income Fund by 1.9% during the third quarter. Oppenheimer & Co. Inc. now owns 103,742 shares of the investment management company’s stock worth $988,000 after buying an additional 1,976 shares in the last quarter. Ausdal Financial Partners Inc. raised its position in DNP Select Income Fund by 8.3% in the 4th quarter. Ausdal Financial Partners Inc. now owns 26,473 shares of the investment management company’s stock valued at $224,000 after buying an additional 2,025 shares during the last quarter. Finally, Gill Capital Partners LLC lifted its stake in DNP Select Income Fund by 9.4% in the 4th quarter. Gill Capital Partners LLC now owns 30,300 shares of the investment management company’s stock valued at $257,000 after acquiring an additional 2,595 shares in the last quarter. Institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Stock Up 0.9 %

Shares of DNP opened at $8.93 on Friday. DNP Select Income Fund Inc. has a twelve month low of $8.09 and a twelve month high of $10.70. The company has a 50 day moving average of $8.90 and a 200-day moving average of $8.86.

DNP Select Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 31st will be issued a dividend of $0.065 per share. This represents a $0.78 annualized dividend and a yield of 8.73%. The ex-dividend date is Friday, May 31st.

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.