Cerro Pacific Wealth Advisors LLC Sells 7,613 Shares of DNP Select Income Fund Inc. (NYSE:DNP)

Cerro Pacific Wealth Advisors LLC reduced its position in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 42.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 10,413 shares of the investment management company’s stock after selling 7,613 shares during the quarter. Cerro Pacific Wealth Advisors LLC’s holdings in DNP Select Income Fund were worth $92,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. IHT Wealth Management LLC grew its position in shares of DNP Select Income Fund by 257.6% in the third quarter. IHT Wealth Management LLC now owns 425,789 shares of the investment management company’s stock valued at $4,275,000 after purchasing an additional 306,712 shares during the last quarter. J.W. Cole Advisors Inc. grew its holdings in DNP Select Income Fund by 43.4% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 621,270 shares of the investment management company’s stock valued at $6,238,000 after buying an additional 187,939 shares during the last quarter. Barclays PLC bought a new position in DNP Select Income Fund in the 3rd quarter worth approximately $1,205,000. Thrivent Financial for Lutherans lifted its holdings in shares of DNP Select Income Fund by 350.1% during the third quarter. Thrivent Financial for Lutherans now owns 135,695 shares of the investment management company’s stock worth $1,363,000 after buying an additional 105,547 shares during the last quarter. Finally, Bard Financial Services Inc. bought a new stake in shares of DNP Select Income Fund in the fourth quarter valued at approximately $763,000. 8.51% of the stock is currently owned by institutional investors and hedge funds.

DNP Select Income Fund Stock Performance

Shares of DNP Select Income Fund stock opened at $9.23 on Friday. DNP Select Income Fund Inc. has a 1 year low of $8.02 and a 1 year high of $10.04. The company’s fifty day simple moving average is $9.25 and its 200-day simple moving average is $9.30.

DNP Select Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 31st will be issued a dividend of $0.065 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.78 annualized dividend and a dividend 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.