DNP Select Income Fund Inc. (NYSE:DNP) Shares Sold by GSB Wealth Management LLC

GSB Wealth Management LLC lessened its stake in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 4.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 277,893 shares of the investment management company’s stock after selling 12,772 shares during the quarter. GSB Wealth Management LLC owned about 0.08% of DNP Select Income Fund worth $2,790,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of DNP Select Income Fund in the third quarter valued at $44,000. Future Financial Wealth Managment LLC bought a new position in shares of DNP Select Income Fund during the 3rd quarter valued at about $50,000. EdgeRock Capital LLC acquired a new position in shares of DNP Select Income Fund in the 2nd quarter worth approximately $49,000. Benjamin F. Edwards & Company Inc. raised its holdings in shares of 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 purchasing an additional 1,150 shares in the last quarter. Finally, Saxon Interests Inc. acquired a new stake in DNP Select Income Fund during the second quarter valued at approximately $82,000. 8.51% of the stock is currently owned by institutional investors and hedge funds.

DNP Select Income Fund Stock Performance

Shares of NYSE DNP opened at $9.59 on Wednesday. DNP Select Income Fund Inc. has a 52-week low of $8.02 and a 52-week high of $10.04. The stock’s fifty day simple moving average is $9.68 and its 200 day simple moving average is $9.01.

DNP Select Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be issued a $0.065 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.78 dividend on an annualized basis and a yield of 8.13%.

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.