DNP Select Income Fund Inc. (NYSE:DNP) Shares Sold by Comerica Bank

Comerica Bank trimmed its stake in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 32.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,668 shares of the investment management company’s stock after selling 11,291 shares during the period. Comerica Bank’s holdings in DNP Select Income Fund were worth $209,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC boosted its position in DNP Select Income Fund by 10.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 11,995 shares of the investment management company’s stock worth $106,000 after purchasing an additional 1,110 shares in the last quarter. Kovack Advisors Inc. boosted its position in DNP Select Income Fund by 2.4% during the fourth quarter. Kovack Advisors Inc. now owns 50,329 shares of the investment management company’s stock worth $444,000 after purchasing an additional 1,184 shares in the last quarter. CreativeOne Wealth LLC boosted its position in DNP Select Income Fund by 6.4% during the fourth quarter. CreativeOne Wealth LLC now owns 20,204 shares of the investment management company’s stock worth $178,000 after purchasing an additional 1,210 shares in the last quarter. Tortoise Investment Management LLC boosted its position in DNP Select Income Fund by 2.0% during the fourth quarter. Tortoise Investment Management LLC now owns 61,439 shares of the investment management company’s stock worth $542,000 after purchasing an additional 1,220 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC boosted its position in DNP Select Income Fund by 11.4% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 12,000 shares of the investment management company’s stock worth $106,000 after purchasing an additional 1,225 shares in the last quarter. 8.51% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Geraldine M. Mcnamara sold 11,391 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $9.41, for a total value of $107,189.31. Following the transaction, the director now owns 5,344 shares in the company, valued at $50,287.04. This trade represents a 68.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.06% of the stock is currently owned by company insiders.

DNP Select Income Fund Trading Up 1.3%

Shares of DNP stock opened at $9.83 on Friday. The business’s 50 day moving average is $9.53 and its two-hundred day moving average is $9.39. 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 Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, May 12th. Shareholders of record on Wednesday, April 30th were given a dividend of $0.065 per share. The ex-dividend date was Wednesday, April 30th. This represents a $0.78 dividend on an annualized basis and a yield of 7.94%.

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.