Sigma Planning Corp Sells 19,446 Shares of DNP Select Income Fund Inc. (NYSE:DNP)

Sigma Planning Corp reduced its holdings in DNP Select Income Fund Inc. (NYSE:DNP) by 49.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 20,017 shares of the investment management company’s stock after selling 19,446 shares during the quarter. Sigma Planning Corp’s holdings in DNP Select Income Fund were worth $170,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. J.W. Cole Advisors Inc. lifted its stake in shares of DNP Select Income Fund by 6.0% in the 4th quarter. J.W. Cole Advisors Inc. now owns 396,842 shares of the investment management company’s stock valued at $3,365,000 after purchasing an additional 22,533 shares during the period. HTLF Bank acquired a new position in shares of DNP Select Income Fund during the fourth quarter worth approximately $123,000. Carl P. Sherr & Co. LLC raised its holdings in DNP Select Income Fund by 8.5% during the fourth quarter. Carl P. Sherr & Co. LLC now owns 112,728 shares of the investment management company’s stock worth $956,000 after buying an additional 8,800 shares during the last quarter. BOK Financial Private Wealth Inc. acquired a new stake in shares of DNP Select Income Fund in the 4th quarter worth about $82,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in shares of DNP Select Income Fund by 353.1% in the 4th 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 worth $8,709,000 after acquiring an additional 800,351 shares in the last quarter. 8.51% of the stock is owned by institutional investors and hedge funds.

DNP Select Income Fund Price Performance

Shares of DNP Select Income Fund stock opened at $8.77 on Tuesday. The stock has a fifty day moving average price of $8.91 and a 200-day moving average price of $8.89. DNP Select Income Fund Inc. has a 1 year low of $8.09 and a 1 year high of $11.03.

DNP Select Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, May 10th. Shareholders of record on Tuesday, April 30th will be paid a $0.065 dividend. The ex-dividend date is Monday, April 29th. This represents a $0.78 annualized dividend and a dividend yield of 8.89%.

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.