Wesbanco Bank Inc. Sells 8,456 Shares of DNP Select Income Fund Inc. (NYSE:DNP)

Wesbanco Bank Inc. decreased its holdings in DNP Select Income Fund Inc. (NYSE:DNP) by 28.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,489 shares of the investment management company’s stock after selling 8,456 shares during the quarter. Wesbanco Bank Inc.’s holdings in DNP Select Income Fund were worth $190,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in shares of DNP Select Income Fund by 4.1% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,292,204 shares of the investment management company’s stock worth $12,974,000 after buying an additional 50,425 shares in the last quarter. Apollon Wealth Management LLC lifted its position in shares of DNP Select Income Fund by 2.9% during the 3rd quarter. Apollon Wealth Management LLC now owns 853,015 shares of the investment management company’s stock worth $8,564,000 after buying an additional 23,781 shares in the last quarter. J.W. Cole Advisors Inc. lifted its position in shares of DNP Select Income Fund by 43.4% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 621,270 shares of the investment management company’s stock worth $6,238,000 after buying an additional 187,939 shares in the last quarter. Raymond James & Associates lifted its position in shares of DNP Select Income Fund by 4.9% during the 3rd quarter. Raymond James & Associates now owns 565,350 shares of the investment management company’s stock worth $5,676,000 after buying an additional 26,351 shares in the last quarter. Finally, IHT Wealth Management LLC lifted its position in shares of DNP Select Income Fund by 257.6% during the 3rd quarter. IHT Wealth Management LLC now owns 425,789 shares of the investment management company’s stock worth $4,275,000 after buying an additional 306,712 shares in the last quarter. Institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Price Performance

DNP Select Income Fund stock opened at $9.29 on Friday. DNP Select Income Fund Inc. has a 52 week low of $8.02 and a 52 week high of $10.04. The company’s 50 day moving average price is $9.25 and its two-hundred day moving average price is $9.31.

DNP Select Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, February 10th. Shareholders of record on Friday, January 31st will be given a dividend of $0.065 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.78 annualized dividend and a dividend yield of 8.40%.

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.