Cresset Asset Management LLC Lowers Stock Position in DNP Select Income Fund Inc. $DNP

Cresset Asset Management LLC lessened its stake in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 4.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,641 shares of the investment management company’s stock after selling 1,833 shares during the quarter. Cresset Asset Management LLC’s holdings in DNP Select Income Fund were worth $405,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Sunbelt Securities Inc. purchased a new position in DNP Select Income Fund during the fourth quarter worth about $34,000. Private Trust Co. NA purchased a new position in DNP Select Income Fund during the first quarter worth about $35,000. Menard Financial Group LLC purchased a new position in DNP Select Income Fund during the fourth quarter worth about $55,000. IFP Advisors Inc boosted its stake in DNP Select Income Fund by 25.6% during the first quarter. IFP Advisors Inc now owns 5,931 shares of the investment management company’s stock worth $59,000 after buying an additional 1,210 shares during the period. Finally, NBC Securities Inc. boosted its stake in DNP Select Income Fund by 612,300.0% during the first quarter. NBC Securities Inc. now owns 6,124 shares of the investment management company’s stock worth $60,000 after buying an additional 6,123 shares during the period. Hedge funds and other institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Price Performance

NYSE DNP opened at $9.8850 on Monday. The firm has a 50 day simple moving average of $9.77 and a 200-day simple moving average of $9.63. DNP Select Income Fund Inc. has a one year low of $8.69 and a one year high of $10.04.

DNP Select Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 10th. Investors of record on Tuesday, September 30th will be issued a $0.065 dividend. The ex-dividend date is Tuesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%.

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.