Hill Island Financial LLC Has $111,000 Stock Position in DNP Select Income Fund Inc. (NYSE:DNP)

Hill Island Financial LLC lowered its holdings in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 8.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,192 shares of the investment management company’s stock after selling 1,067 shares during the period. Hill Island Financial LLC’s holdings in DNP Select Income Fund were worth $111,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in DNP. Sunbelt Securities Inc. acquired a new stake in DNP Select Income Fund during the fourth quarter worth approximately $34,000. Sandy Spring Bank grew its stake 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 worth $44,000 after purchasing an additional 2,900 shares during the period. Menard Financial Group LLC acquired a new stake in DNP Select Income Fund during the fourth quarter worth approximately $55,000. NBC Securities Inc. grew its stake in 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 purchasing an additional 6,123 shares during the period. Finally, Lee Danner & Bass Inc. acquired a new stake in DNP Select Income Fund during the fourth quarter worth approximately $68,000. Institutional investors and hedge funds own 8.51% of the company’s stock.

DNP Select Income Fund Stock Up 0.3%

NYSE DNP opened at $9.67 on Friday. The business has a 50 day simple moving average of $9.65 and a 200 day simple moving average of $9.45. DNP Select Income Fund Inc. has a one year low of $8.09 and a one year high of $10.04.

DNP Select Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 10th. Shareholders 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 yield of 8.07%.

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.