Bay Colony Advisory Group Inc d b a Bay Colony Advisors Sells 80,666 Shares of DNP Select Income Fund Inc. (NYSE:DNP)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors decreased its stake in DNP Select Income Fund Inc. (NYSE:DNP) by 6.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,211,538 shares of the investment management company’s stock after selling 80,666 shares during the period. DNP Select Income Fund comprises about 1.6% of Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ investment portfolio, making the stock its 13th biggest position. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in DNP Select Income Fund were worth $10,686,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Safe Harbor Fiduciary LLC purchased a new stake in shares of DNP Select Income Fund during the 3rd quarter valued at $28,000. Crews Bank & Trust purchased a new stake in shares of DNP Select Income Fund during the 4th quarter valued at $29,000. UMB Bank n.a. purchased a new stake in shares of DNP Select Income Fund during the 4th quarter valued at $34,000. Tandem Financial LLC purchased a new stake in shares of DNP Select Income Fund during the 4th quarter valued at $34,000. Finally, Golden State Wealth Management LLC purchased a new stake in shares of DNP Select Income Fund during the 4th quarter valued at $35,000. Hedge funds and other institutional investors own 8.51% of the company’s stock.

Insider Buying and Selling

In related news, Director Geraldine M. Mcnamara sold 11,391 shares of DNP Select Income Fund stock in a transaction on Wednesday, February 19th. The shares were 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.06% of the stock is owned by corporate insiders.

DNP Select Income Fund Trading Down 1.7 %

Shares of NYSE:DNP opened at $9.36 on Friday. The company’s fifty day moving average is $9.31 and its 200 day moving average is $9.44. DNP Select Income Fund Inc. has a 52 week low of $8.02 and a 52 week high of $10.04.

DNP Select Income Fund Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, February 10th. Investors of record on Monday, February 3rd were given a $0.065 dividend. This represents a yield of 8.24%. The ex-dividend date of this dividend was 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.