Capital Investment Advisory Services LLC Decreases Stock Holdings in DNP Select Income Fund Inc. (NYSE:DNP)

Capital Investment Advisory Services LLC lowered its position in DNP Select Income Fund Inc. (NYSE:DNP) by 4.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 48,106 shares of the investment management company’s stock after selling 2,216 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in DNP Select Income Fund were worth $424,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Truist Financial Corp increased its position in shares of DNP Select Income Fund by 18.9% during the second quarter. Truist Financial Corp now owns 90,605 shares of the investment management company’s stock worth $745,000 after purchasing an additional 14,434 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in DNP Select Income Fund during the 2nd quarter worth $557,000. McLean Asset Management Corp acquired a new position in DNP Select Income Fund during the 3rd quarter valued at about $202,000. Axiom Advisory LLC raised its stake in DNP Select Income Fund by 1.6% in the third quarter. Axiom Advisory LLC now owns 214,400 shares of the investment management company’s stock valued at $1,960,000 after buying an additional 3,350 shares during the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new stake in DNP Select Income Fund in the third quarter worth about $50,000. Institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Stock Performance

DNP opened at $9.49 on Friday. The firm’s 50-day moving average price is $9.25 and its 200-day moving average price is $9.34. 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 Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Monday, February 10th. Stockholders of record on Monday, February 3rd will be paid a dividend of $0.065 per share. The ex-dividend date is Friday, January 31st. This represents a dividend yield of 8.24%.

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.