Cherry Tree Wealth Management LLC lessened its holdings in shares of DNP Select Income Fund Inc. (NYSE:DNP - Free Report) by 62.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,755 shares of the investment management company's stock after selling 44,600 shares during the quarter. Cherry Tree Wealth Management LLC's holdings in DNP Select Income Fund were worth $265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently modified their holdings of DNP. Sunbelt Securities Inc. bought a new position in shares of DNP Select Income Fund during the 4th quarter valued at approximately $34,000. Sandy Spring Bank lifted its holdings in DNP Select Income Fund by 141.4% during the fourth quarter. Sandy Spring Bank now owns 4,951 shares of the investment management company's stock valued at $44,000 after purchasing an additional 2,900 shares in the last quarter. Menard Financial Group LLC bought a new position in shares of DNP Select Income Fund in the fourth quarter worth approximately $55,000. NBC Securities Inc. increased its stake in shares of DNP Select Income Fund by 612,300.0% in the first quarter. NBC Securities Inc. now owns 6,124 shares of the investment management company's stock worth $60,000 after purchasing an additional 6,123 shares in the last quarter. Finally, Lee Danner & Bass Inc. bought a new stake in shares of DNP Select Income Fund during the 4th quarter valued at $68,000. Institutional investors own 8.51% of the company's stock.
DNP Select Income Fund Stock Performance
DNP opened at $9.65 on Friday. The firm's fifty day moving average is $9.64 and its 200 day moving average is $9.45. DNP Select Income Fund Inc. has a fifty-two week low of $8.08 and a fifty-two week high of $10.04.
DNP Select Income Fund Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 10th. Stockholders of record on Tuesday, September 30th will be given a $0.065 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.78 annualized dividend and a dividend yield of 8.09%.
DNP Select Income Fund 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.
Featured Stories
Want to see what other hedge funds are holding DNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DNP Select Income Fund Inc. (NYSE:DNP - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider DNP Select Income Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and DNP Select Income Fund wasn't on the list.
While DNP Select Income Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
