DNP Select Income Fund Inc. (NYSE:DNP) Shares Sold by Cerity Partners LLC

Cerity Partners LLC lessened its holdings in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 10.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,076 shares of the investment management company’s stock after selling 6,313 shares during the period. Cerity Partners LLC’s holdings in DNP Select Income Fund were worth $468,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Envestnet Asset Management Inc. raised its stake in DNP Select Income Fund by 14.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 149,600 shares of the investment management company’s stock valued at $1,319,000 after acquiring an additional 18,766 shares in the last quarter. Wells Fargo & Company MN grew its position in DNP Select Income Fund by 995.9% in the 4th quarter. Wells Fargo & Company MN now owns 1,578,766 shares of the investment management company’s stock valued at $13,925,000 after buying an additional 1,434,708 shares in the last quarter. StoneX Group Inc. increased its stake in DNP Select Income Fund by 192.4% during the 4th quarter. StoneX Group Inc. now owns 109,144 shares of the investment management company’s stock valued at $965,000 after buying an additional 71,823 shares during the period. Everstar Asset Management LLC acquired a new position in DNP Select Income Fund during the 4th quarter valued at about $954,000. Finally, JPMorgan Chase & Co. raised its position in shares of DNP Select Income Fund by 44.2% during the 4th quarter. JPMorgan Chase & Co. now owns 14,344 shares of the investment management company’s stock worth $127,000 after buying an additional 4,397 shares in the last quarter. 8.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other DNP Select Income Fund news, Director Geraldine M. Mcnamara sold 11,391 shares of the company’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 directly owns 5,344 shares of the company’s stock, valued at approximately $50,287.04. This represents a 68.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.06% of the stock is owned by insiders.

DNP Select Income Fund Trading Down 1.2 %

DNP Select Income Fund stock opened at $9.35 on Tuesday. DNP Select Income Fund Inc. has a 12-month low of $8.02 and a 12-month high of $10.04. The firm has a 50 day simple moving average of $9.47 and a 200-day simple moving average of $9.39.

DNP Select Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, May 12th. Shareholders of record on Wednesday, April 30th will be paid a dividend of $0.065 per share. This represents a $0.78 dividend on an annualized basis and a yield of 8.34%. The ex-dividend date of this dividend is Wednesday, April 30th.

DNP Select Income Fund 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.