CoreCap Advisors LLC Cuts Position in DNP Select Income Fund Inc. (NYSE:DNP)

CoreCap Advisors LLC trimmed its holdings in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 15.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 15,412 shares of the investment management company’s stock after selling 2,767 shares during the period. CoreCap Advisors LLC’s holdings in DNP Select Income Fund were worth $136,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its stake in DNP Select Income Fund by 10.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 11,995 shares of the investment management company’s stock valued at $106,000 after buying an additional 1,110 shares during the last quarter. Kovack Advisors Inc. increased its holdings in shares of DNP Select Income Fund by 2.4% during the fourth quarter. Kovack Advisors Inc. now owns 50,329 shares of the investment management company’s stock valued at $444,000 after acquiring an additional 1,184 shares in the last quarter. CreativeOne Wealth LLC raised its position in shares of DNP Select Income Fund by 6.4% in the 4th quarter. CreativeOne Wealth LLC now owns 20,204 shares of the investment management company’s stock worth $178,000 after purchasing an additional 1,210 shares during the last quarter. Tortoise Investment Management LLC boosted its stake in DNP Select Income Fund by 2.0% in the 4th quarter. Tortoise Investment Management LLC now owns 61,439 shares of the investment management company’s stock worth $542,000 after purchasing an additional 1,220 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC grew its position in DNP Select Income Fund by 11.4% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 12,000 shares of the investment management company’s stock valued at $106,000 after purchasing an additional 1,225 shares during the last quarter. 8.51% of the stock is currently owned by hedge funds and other institutional investors.

DNP Select Income Fund Stock Performance

NYSE:DNP opened at $9.66 on Tuesday. The firm has a 50-day simple moving average of $9.51 and a two-hundred day simple moving average of $9.39. DNP Select Income Fund Inc. has a fifty-two week low of $8.02 and a fifty-two week high of $10.04.

DNP Select Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, May 12th. Investors of record on Wednesday, April 30th were issued a $0.065 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $0.78 dividend on an annualized basis and a yield of 8.08%.

Insider Activity at DNP Select Income Fund

In other DNP Select Income Fund news, Director Geraldine M. Mcnamara sold 11,391 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $9.41, for a total value of $107,189.31. Following the completion of the transaction, the director now owns 5,344 shares of the company’s stock, valued at approximately $50,287.04. The trade was a 68.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.06% of the stock is currently owned by insiders.

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.