Wealthcare Advisory Partners LLC Sells 1,088 Shares of DNP Select Income Fund Inc. (NYSE:DNP)

Wealthcare Advisory Partners LLC reduced its stake in DNP Select Income Fund Inc. (NYSE:DNP) by 2.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 40,123 shares of the investment management company’s stock after selling 1,088 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in DNP Select Income Fund were worth $354,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of DNP. Safe Harbor Fiduciary LLC purchased a new stake in DNP Select Income Fund in the 3rd quarter worth approximately $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of DNP Select Income Fund in the third quarter worth $44,000. Future Financial Wealth Managment LLC purchased a new position in shares of DNP Select Income Fund during the 3rd quarter valued at $50,000. Larson Financial Group LLC bought a new position in DNP Select Income Fund in the 3rd quarter worth $54,000. Finally, Benjamin F. Edwards & Company Inc. increased its stake in DNP Select Income Fund by 13.5% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 9,647 shares of the investment management company’s stock worth $79,000 after buying an additional 1,150 shares in the last quarter. 8.51% of the stock is currently owned by hedge funds and other institutional investors.

DNP Select Income Fund Price Performance

NYSE DNP opened at $9.48 on Wednesday. DNP Select Income Fund Inc. has a 12 month low of $8.02 and a 12 month high of $10.04. The stock’s 50 day moving average is $9.25 and its 200 day moving average is $9.30.

DNP Select Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 31st will be given a $0.065 dividend. This represents a $0.78 annualized dividend and a yield of 8.23%. The ex-dividend date of this dividend is Friday, January 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.