Wealthcare Advisory Partners LLC Has $315,000 Position in DNP Select Income Fund Inc. (NYSE:DNP)

Posted by Tyrone Williams on May 10th, 2024

Wealthcare Advisory Partners LLC reduced its stake in shares of DNP Select Income Fund Inc. (NYSE:DNP – Free Report) by 7.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 37,124 shares of the investment management company’s stock after selling 3,086 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in DNP Select Income Fund were worth $315,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of DNP. NBC Securities Inc. acquired a new stake in shares of DNP Select Income Fund in the third quarter valued at $65,000. Tennessee Valley Asset Management Partners acquired a new stake in DNP Select Income Fund in the fourth quarter worth about $65,000. BOK Financial Private Wealth Inc. acquired a new stake in DNP Select Income Fund in the fourth quarter worth about $82,000. Investment Partners Asset Management Inc. acquired a new stake in DNP Select Income Fund in the fourth quarter worth about $85,000. Finally, Saxon Interests Inc. acquired a new stake in DNP Select Income Fund in the fourth quarter worth about $86,000. 8.51% of the stock is currently owned by institutional investors and hedge funds.

DNP Select Income Fund Trading Up 0.9 %

Shares of DNP stock opened at $8.93 on Friday. The stock has a 50-day moving average price of $8.90 and a 200 day moving average price of $8.86. DNP Select Income Fund Inc. has a 12 month low of $8.09 and a 12 month high of $10.70.

DNP Select Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 31st will be given a $0.065 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.78 dividend on an annualized basis and a yield of 8.73%.

DNP Select Income Fund Company Profile

(Free Report)

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.