DNP Select Income Fund Inc. (NYSE:DNP) Position Lessened by Apollon Wealth Management LLC

Apollon Wealth Management LLC trimmed its position in shares of DNP Select Income Fund Inc. (NYSE:DNP - Free Report) by 8.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 795,165 shares of the investment management company's stock after selling 69,740 shares during the period. Apollon Wealth Management LLC owned about 0.21% of DNP Select Income Fund worth $7,864,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Wells Fargo & Company MN raised its holdings in DNP Select Income Fund by 995.9% during the fourth quarter. Wells Fargo & Company MN now owns 1,578,766 shares of the investment management company's stock valued at $13,925,000 after buying an additional 1,434,708 shares in the last quarter. Raymond James Financial Inc. bought a new position in DNP Select Income Fund during the fourth quarter valued at about $7,738,000. Royal Bank of Canada raised its holdings in DNP Select Income Fund by 10.2% during the fourth quarter. Royal Bank of Canada now owns 2,122,866 shares of the investment management company's stock valued at $18,724,000 after buying an additional 196,531 shares in the last quarter. Cohen & Steers Inc. raised its holdings in DNP Select Income Fund by 104.4% during the fourth quarter. Cohen & Steers Inc. now owns 360,387 shares of the investment management company's stock valued at $3,179,000 after buying an additional 184,064 shares in the last quarter. Finally, Baird Financial Group Inc. raised its holdings in DNP Select Income Fund by 7.9% during the fourth quarter. Baird Financial Group Inc. now owns 1,571,899 shares of the investment management company's stock valued at $13,864,000 after buying an additional 115,109 shares in the last quarter. 8.51% of the stock is currently owned by hedge funds and other institutional investors.

DNP Select Income Fund Trading Down 0.1%

DNP Select Income Fund stock opened at $9.70 on Monday. The business's 50-day simple moving average is $9.72 and its 200-day simple moving average is $9.51. DNP Select Income Fund Inc. has a 52 week low of $8.41 and a 52 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 paid a $0.065 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 8.05%.

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.

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