Foguth Wealth Management LLC. Lowers Stock Holdings in DNP Select Income Fund Inc. (NYSE:DNP)

Foguth Wealth Management LLC. decreased its position in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 5.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 104,889 shares of the investment management company’s stock after selling 5,900 shares during the period. Foguth Wealth Management LLC.’s holdings in DNP Select Income Fund were worth $862,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in DNP. Hartline Investment Corp bought a new position in shares of DNP Select Income Fund during the first quarter valued at about $10,604,000. Cetera Investment Advisers lifted its holdings in DNP Select Income Fund by 571.5% in the first quarter. Cetera Investment Advisers now owns 1,228,662 shares of the investment management company’s stock worth $11,144,000 after buying an additional 1,045,691 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its holdings in shares of DNP Select Income Fund by 353.1% during the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,027,018 shares of the investment management company’s stock valued at $8,709,000 after purchasing an additional 800,351 shares during the last quarter. Foundations Investment Advisors LLC lifted its holdings in shares of DNP Select Income Fund by 205.5% during the fourth quarter. Foundations Investment Advisors LLC now owns 284,936 shares of the investment management company’s stock valued at $2,582,000 after purchasing an additional 191,663 shares during the last quarter. Finally, Wolverine Asset Management LLC purchased a new position in shares of DNP Select Income Fund during the fourth quarter valued at approximately $1,401,000. Hedge funds and other institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Stock Performance

DNP stock traded up $0.03 during midday trading on Tuesday, hitting $9.06. The company’s stock had a trading volume of 794,301 shares, compared to its average volume of 703,041. DNP Select Income Fund Inc. has a 12 month low of $8.02 and a 12 month high of $10.20. The firm’s 50-day moving average is $8.53 and its 200-day moving average is $8.73.

DNP Select Income Fund Announces Dividend

The firm also recently disclosed a dividend, which was paid on Monday, August 12th. Investors of record on Thursday, August 1st were given a $0.065 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a yield of 8.7%.

DNP Select Income Fund 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.