XML Financial LLC Sells 1,713 Shares of DNP Select Income Fund Inc. (NYSE:DNP)

XML Financial LLC reduced its position in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 10.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 15,177 shares of the investment management company’s stock after selling 1,713 shares during the quarter. XML Financial LLC’s holdings in DNP Select Income Fund were worth $134,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. lifted its position in DNP Select Income Fund by 13.5% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 9,647 shares of the investment management company’s stock valued at $79,000 after purchasing an additional 1,150 shares during the last quarter. OneDigital Investment Advisors LLC raised its position in shares of DNP Select Income Fund by 11.2% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 12,508 shares of the investment management company’s stock valued at $126,000 after buying an additional 1,263 shares in the last quarter. First Heartland Consultants Inc. lifted its holdings in shares of DNP Select Income Fund by 0.5% in the 3rd quarter. First Heartland Consultants Inc. now owns 277,516 shares of the investment management company’s stock valued at $2,789,000 after acquiring an additional 1,363 shares during the last quarter. RDA Financial Network grew its position in DNP Select Income Fund by 2.2% in the fourth quarter. RDA Financial Network now owns 113,638 shares of the investment management company’s stock worth $1,002,000 after acquiring an additional 2,470 shares in the last quarter. Finally, Safe Harbor Fiduciary LLC bought a new stake in DNP Select Income Fund during the third quarter worth approximately $28,000. 8.51% of the stock is owned by hedge funds and other institutional investors.

DNP Select Income Fund Stock Down 0.6 %

NYSE:DNP opened at $9.23 on Friday. The business has a 50 day simple moving average of $9.25 and a 200-day simple moving average of $9.30. DNP Select Income Fund Inc. has a 1 year low of $8.02 and a 1 year high of $10.04.

DNP Select Income Fund Dividend Announcement

The business 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. The ex-dividend date is Friday, January 31st. This represents a $0.78 dividend on an annualized basis and a yield of 8.46%.

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.