Dana Investment Advisors Inc. Decreases Position in DNP Select Income Fund Inc. (NYSE:DNP)

Dana Investment Advisors Inc. decreased its stake in DNP Select Income Fund Inc. (NYSE:DNP) by 32.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,827 shares of the investment management company’s stock after selling 10,925 shares during the period. Dana Investment Advisors Inc.’s holdings in DNP Select Income Fund were worth $201,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Kentucky Trust Co purchased a new position in DNP Select Income Fund in the fourth quarter valued at about $5,598,000. Wolverine Asset Management LLC purchased a new position in DNP Select Income Fund in the fourth quarter valued at about $2,915,000. IHT Wealth Management LLC boosted its holdings in 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 purchasing an additional 306,712 shares during the last quarter. J.W. Cole Advisors Inc. boosted its holdings in DNP Select Income Fund by 23.4% in the fourth quarter. J.W. Cole Advisors Inc. now owns 766,719 shares of the investment management company’s stock valued at $6,762,000 after purchasing an additional 145,449 shares during the last quarter. Finally, Barclays PLC purchased a new position in DNP Select Income Fund in the third quarter valued at about $1,205,000. Hedge funds and other institutional investors own 8.51% of the company’s stock.

Insider Activity at DNP Select Income Fund

In other DNP Select Income Fund news, Director Geraldine M. Mcnamara sold 11,391 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was 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 in the company, valued at $50,287.04. This represents a 68.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.06% of the stock is currently owned by company insiders.

DNP Select Income Fund Price Performance

Shares of DNP opened at $9.47 on Monday. DNP Select Income Fund Inc. has a one year low of $8.02 and a one year high of $10.04. The stock has a 50-day moving average price of $9.33 and a 200 day moving average price of $9.44.

DNP Select Income Fund Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, February 10th. Investors of record on Monday, February 3rd were issued a $0.065 dividend. This represents a yield of 8.24%. The ex-dividend date of this dividend 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.