Atria Wealth Solutions Inc. decreased its stake in DNP Select Income Fund Inc. (NYSE:DNP - Free Report) by 65.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,788 shares of the investment management company's stock after selling 58,157 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in DNP Select Income Fund were worth $302,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DNP. Wealth Enhancement Advisory Services LLC lifted its position in DNP Select Income Fund by 12.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 68,409 shares of the investment management company's stock worth $677,000 after buying an additional 7,698 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in DNP Select Income Fund by 1.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 382,023 shares of the investment management company's stock worth $3,778,000 after buying an additional 6,794 shares in the last quarter. Global Assets Advisory LLC purchased a new stake in DNP Select Income Fund in the 1st quarter worth approximately $101,000. Golden State Wealth Management LLC lifted its position in DNP Select Income Fund by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 8,000 shares of the investment management company's stock worth $79,000 after buying an additional 4,000 shares in the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new stake in DNP Select Income Fund in the 1st quarter worth approximately $137,000. Hedge funds and other institutional investors own 8.51% of the company's stock.
DNP Select Income Fund Trading Up 0.1%
DNP stock opened at $10.00 on Wednesday. DNP Select Income Fund Inc. has a 12-month low of $8.69 and a 12-month high of $10.07. The company has a 50 day moving average of $9.93 and a two-hundred day moving average of $9.75.
DNP Select Income Fund Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Monday, January 12th. Stockholders of record on Wednesday, December 31st will be paid a dividend of $0.065 per share. The ex-dividend date is Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 7.8%.
About DNP Select Income Fund
(
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.
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