DNP Select Income Fund Inc. (NYSE:DNP) Holdings Cut by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC lowered its position in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 16.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 47,573 shares of the investment management company’s stock after selling 9,071 shares during the period. Axxcess Wealth Management LLC’s holdings in DNP Select Income Fund were worth $431,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hartline Investment Corp acquired a new stake in shares of DNP Select Income Fund during the first quarter worth $10,604,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in 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 raised its holdings in DNP Select Income Fund by 205.5% in the 4th quarter. Foundations Investment Advisors LLC now owns 284,936 shares of the investment management company’s stock worth $2,582,000 after acquiring an additional 191,663 shares during the period. Wolverine Asset Management LLC acquired a new position in shares of DNP Select Income Fund during the 4th quarter worth about $1,401,000. Finally, Apollon Wealth Management LLC boosted its position in shares of DNP Select Income Fund by 21.7% in the fourth quarter. Apollon Wealth Management LLC now owns 738,710 shares of the investment management company’s stock valued at $6,264,000 after acquiring an additional 131,858 shares during the period. Institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Stock Up 0.8 %

DNP stock traded up $0.07 during trading on Friday, reaching $8.79. 464,260 shares of the stock were exchanged, compared to its average volume of 718,573. The stock has a 50 day simple moving average of $8.46 and a 200-day simple moving average of $8.71. DNP Select Income Fund Inc. has a twelve month low of $8.02 and a twelve month high of $10.27.

DNP Select Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, August 12th. Investors of record on Wednesday, July 31st will be given a dividend of $0.065 per share. The ex-dividend date is Wednesday, July 31st. This represents a $0.78 dividend on an annualized basis and a yield of 8.87%.

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.