Cherry Tree Wealth Management LLC Has $629,000 Holdings in DNP Select Income Fund Inc. (NYSE:DNP)

Cherry Tree Wealth Management LLC cut its holdings in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 10.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 71,355 shares of the investment management company’s stock after selling 8,000 shares during the period. Cherry Tree Wealth Management LLC’s holdings in DNP Select Income Fund were worth $629,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Safe Harbor Fiduciary LLC acquired a new stake in shares of DNP Select Income Fund in the 3rd quarter valued at approximately $28,000. Crews Bank & Trust acquired a new stake in shares of DNP Select Income Fund in the 4th quarter valued at approximately $29,000. UMB Bank n.a. acquired a new stake in shares of DNP Select Income Fund in the 4th quarter valued at approximately $34,000. Tandem Financial LLC acquired a new stake in shares of DNP Select Income Fund in the 4th quarter valued at approximately $34,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of DNP Select Income Fund in the 4th quarter valued at approximately $35,000. 8.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at DNP Select Income Fund

In related news, Director Geraldine M. Mcnamara sold 11,391 shares of the 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 completion of the sale, the director now directly owns 5,344 shares of the company’s stock, valued at approximately $50,287.04. This represents a 68.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.06% of the stock is currently owned by corporate insiders.

DNP Select Income Fund Trading Up 0.1 %

Shares of NYSE:DNP opened at $9.46 on Monday. The firm’s 50 day simple moving average is $9.23 and its 200 day simple moving average is $9.41. DNP Select Income Fund Inc. has a fifty-two week low of $8.02 and a fifty-two week high of $10.04.

DNP Select Income Fund Dividend Announcement

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

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.