DAVENPORT & Co LLC Sells 2,075 Shares of DNP Select Income Fund Inc. $DNP

DAVENPORT & Co LLC lessened its stake in DNP Select Income Fund Inc. (NYSE:DNP) by 1.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 120,826 shares of the investment management company’s stock after selling 2,075 shares during the period. DAVENPORT & Co LLC’s holdings in DNP Select Income Fund were worth $1,183,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of DNP. Smith Asset Management Co. LLC bought a new position in DNP Select Income Fund in the 1st quarter worth approximately $4,189,000. Royal Bank of Canada raised its position in DNP Select Income Fund by 19.6% in the 1st quarter. Royal Bank of Canada now owns 2,538,820 shares of the investment management company’s stock worth $25,109,000 after purchasing an additional 415,954 shares during the last quarter. N.E.W. Advisory Services LLC raised its position in DNP Select Income Fund by 83.2% in the 1st quarter. N.E.W. Advisory Services LLC now owns 882,284 shares of the investment management company’s stock worth $8,726,000 after purchasing an additional 400,688 shares during the last quarter. Owen LaRue LLC boosted its stake in DNP Select Income Fund by 46.5% in the second quarter. Owen LaRue LLC now owns 359,822 shares of the investment management company’s stock valued at $3,523,000 after acquiring an additional 114,285 shares during the last quarter. Finally, Cetera Investment Advisers boosted its stake in DNP Select Income Fund by 9.0% in the first quarter. Cetera Investment Advisers now owns 1,377,023 shares of the investment management company’s stock valued at $13,619,000 after acquiring an additional 114,135 shares during the last quarter. Institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Trading Down 0.4%

Shares of DNP Select Income Fund stock opened at $9.92 on Friday. The firm has a fifty day moving average of $9.90 and a two-hundred day moving average of $9.74. DNP Select Income Fund Inc. has a 52 week low of $8.69 and a 52 week high of $10.04.

DNP Select Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, January 12th. Shareholders of record on Wednesday, December 31st will be given a dividend of $0.065 per share. The ex-dividend date is Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 7.9%.

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.