Alexander Randolph Advisory Inc. Lowers Stake in DNP Select Income Fund Inc. (NYSE:DNP)

Alexander Randolph Advisory Inc. lessened its position in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 10.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,522 shares of the investment management company’s stock after selling 3,527 shares during the period. Alexander Randolph Advisory Inc.’s holdings in DNP Select Income Fund were worth $260,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. GPS Wealth Strategies Group LLC grew its holdings in shares of 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 worth $106,000 after purchasing an additional 1,225 shares during the period. OneDigital Investment Advisors LLC raised its stake in shares of DNP Select Income Fund by 11.2% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 12,508 shares of the investment management company’s stock valued at $126,000 after acquiring an additional 1,263 shares during the period. First Heartland Consultants Inc. raised its stake in shares of DNP Select Income Fund by 0.5% in the 3rd quarter. First Heartland Consultants Inc. now owns 277,516 shares of the investment management company’s stock valued at $2,789,000 after acquiring an additional 1,363 shares during the period. Stratos Wealth Advisors LLC raised its stake in shares of DNP Select Income Fund by 0.7% in the 4th quarter. Stratos Wealth Advisors LLC now owns 240,976 shares of the investment management company’s stock valued at $2,125,000 after acquiring an additional 1,749 shares during the period. Finally, Geneos Wealth Management Inc. raised its stake in shares of DNP Select Income Fund by 62.8% in the 4th quarter. Geneos Wealth Management Inc. now owns 6,024 shares of the investment management company’s stock valued at $53,000 after acquiring an additional 2,324 shares during the period. Hedge funds and other institutional investors own 8.51% of the company’s stock.

Insider Activity at DNP Select Income Fund

In related news, Director Geraldine M. Mcnamara sold 11,391 shares of DNP Select Income Fund stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $9.41, for a total transaction of $107,189.31. Following the sale, the director now owns 5,344 shares of the company’s stock, valued at $50,287.04. The trade was a 68.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.06% of the company’s stock.

DNP Select Income Fund Price Performance

NYSE:DNP opened at $9.46 on Friday. The business’s 50-day moving average is $9.23 and its two-hundred day moving average is $9.41. DNP Select Income Fund Inc. has a 12 month low of $8.02 and a 12 month high of $10.04.

DNP Select Income Fund Announces Dividend

The business also recently announced a dividend, which was paid on Monday, February 10th. Investors of record on Monday, February 3rd were issued a dividend of $0.065 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a dividend yield of 8.24%.

DNP Select Income Fund Company 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.