American Financial Advisors LLC Has $5.45 Million Stake in DNP Select Income Fund Inc. (NYSE:DNP)

American Financial Advisors LLC lowered its position in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 18.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 618,409 shares of the investment management company’s stock after selling 136,468 shares during the quarter. DNP Select Income Fund accounts for 0.8% of American Financial Advisors LLC’s portfolio, making the stock its 27th biggest holding. American Financial Advisors LLC’s holdings in DNP Select Income Fund were worth $5,454,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in DNP. Kentucky Trust Co bought a new stake in DNP Select Income Fund in the 4th quarter valued at about $5,598,000. IHT Wealth Management LLC boosted its stake in shares of DNP Select Income Fund by 257.6% in the third quarter. IHT Wealth Management LLC now owns 425,789 shares of the investment management company’s stock valued at $4,275,000 after buying an additional 306,712 shares during the period. J.W. Cole Advisors Inc. boosted its stake in shares of DNP Select Income Fund by 43.4% in the third quarter. J.W. Cole Advisors Inc. now owns 621,270 shares of the investment management company’s stock valued at $6,238,000 after buying an additional 187,939 shares during the period. Barclays PLC acquired a new stake in DNP Select Income Fund during the third quarter worth approximately $1,205,000. Finally, Thrivent Financial for Lutherans increased its stake in DNP Select Income Fund by 350.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 135,695 shares of the investment management company’s stock worth $1,363,000 after acquiring an additional 105,547 shares during the period. 8.51% of the stock is owned by institutional investors and hedge funds.

DNP Select Income Fund Trading Up 0.6 %

NYSE:DNP opened at $9.38 on Friday. DNP Select Income Fund Inc. has a fifty-two week low of $8.02 and a fifty-two week high of $10.04. The stock has a fifty day moving average price of $9.22 and a 200-day moving average price of $9.39.

DNP Select Income Fund Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, February 10th. Stockholders of record on Monday, February 3rd were given a $0.065 dividend. This represents a dividend yield of 8.24%. The ex-dividend date was Friday, January 31st.

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.