Koshinski Asset Management Inc. Sells 26,989 Shares of DNP Select Income Fund Inc. (NYSE:DNP)

Koshinski Asset Management Inc. cut its stake in shares of DNP Select Income Fund Inc. (NYSE:DNP - Free Report) by 21.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 97,512 shares of the investment management company's stock after selling 26,989 shares during the quarter. Koshinski Asset Management Inc.'s holdings in DNP Select Income Fund were worth $964,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Sunbelt Securities Inc. purchased a new position in shares of DNP Select Income Fund during the 4th quarter valued at about $34,000. Sandy Spring Bank grew its position 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 acquiring an additional 2,900 shares during the last quarter. NBC Securities Inc. raised its stake in shares of DNP Select Income Fund by 612,300.0% during the first quarter. NBC Securities Inc. now owns 6,124 shares of the investment management company's stock worth $60,000 after acquiring an additional 6,123 shares in the last quarter. Menard Financial Group LLC bought a new stake in shares of DNP Select Income Fund in the 4th quarter worth approximately $55,000. Finally, AdvisorNet Financial Inc boosted its stake in shares of DNP Select Income Fund by 172.3% in the 1st quarter. AdvisorNet Financial Inc now owns 7,443 shares of the investment management company's stock valued at $74,000 after purchasing an additional 4,710 shares in the last quarter. Hedge funds and other institutional investors own 8.51% of the company's stock.

DNP Select Income Fund Price Performance

NYSE:DNP traded down $0.01 during trading hours on Wednesday, reaching $9.76. The company's stock had a trading volume of 461,404 shares, compared to its average volume of 640,281. The firm has a 50-day simple moving average of $9.70 and a 200-day simple moving average of $9.47. DNP Select Income Fund Inc. has a 1 year low of $8.19 and a 1 year high of $10.04.

DNP Select Income Fund Announces Dividend

The business 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 dividend of $0.065 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 7.99%.

DNP Select Income Fund 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.