DNP Select Income Fund Inc. (NYSE:DNP) Shares Sold by Verus Capital Partners LLC

Verus Capital Partners LLC lessened its position in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 7.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 60,158 shares of the investment management company’s stock after selling 5,059 shares during the quarter. Verus Capital Partners LLC’s holdings in DNP Select Income Fund were worth $495,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in DNP. Fortis Group Advisors LLC raised its stake in shares of DNP Select Income Fund by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 3,000 shares of the investment management company’s stock worth $25,000 after buying an additional 1,500 shares during the last quarter. Principal Securities Inc. acquired a new position in shares of DNP Select Income Fund during the 4th quarter worth $44,000. EdgeRock Capital LLC acquired a new position in DNP Select Income Fund in the 2nd quarter valued at about $49,000. Saxon Interests Inc. acquired a new position in DNP Select Income Fund in the 2nd quarter valued at about $82,000. Finally, Keeley Teton Advisors LLC acquired a new position in DNP Select Income Fund in the 4th quarter valued at about $89,000. Institutional investors and hedge funds own 8.51% of the company’s stock.

DNP Select Income Fund Price Performance

Shares of DNP stock opened at $9.49 on Tuesday. The firm has a 50-day moving average price of $8.81 and a 200 day moving average price of $8.78. DNP Select Income Fund Inc. has a twelve month low of $8.02 and a twelve month high of $10.20.

DNP Select Income Fund Announces Dividend

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