NFP Retirement Inc. Reduces Stock Holdings in DNP Select Income Fund Inc. (NYSE:DNP)

NFP Retirement Inc. lessened its stake in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 2.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 96,226 shares of the investment management company’s stock after selling 2,099 shares during the quarter. NFP Retirement Inc.’s holdings in DNP Select Income Fund were worth $849,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of DNP. Raymond James Financial Inc. purchased a new stake in DNP Select Income Fund during the 4th quarter valued at approximately $7,738,000. Envestnet Asset Management Inc. increased its holdings in shares of DNP Select Income Fund by 14.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 149,600 shares of the investment management company’s stock valued at $1,319,000 after purchasing an additional 18,766 shares during the period. Wells Fargo & Company MN raised its stake in shares of DNP Select Income Fund by 995.9% during the fourth quarter. Wells Fargo & Company MN now owns 1,578,766 shares of the investment management company’s stock worth $13,925,000 after purchasing an additional 1,434,708 shares during the last quarter. StoneX Group Inc. lifted its holdings in shares of DNP Select Income Fund by 192.4% during the fourth quarter. StoneX Group Inc. now owns 109,144 shares of the investment management company’s stock worth $965,000 after purchasing an additional 71,823 shares during the period. Finally, Everstar Asset Management LLC purchased a new position in DNP Select Income Fund in the 4th quarter valued at $954,000. Institutional investors and hedge funds own 8.51% of the company’s stock.

Insider Buying and Selling

In other DNP Select Income Fund news, Director Geraldine M. Mcnamara sold 11,391 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $9.41, for a total transaction of $107,189.31. Following the completion of the transaction, the director now directly owns 5,344 shares in the company, valued at approximately $50,287.04. This trade represents a 68.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.06% of the company’s stock.

DNP Select Income Fund Stock Up 0.5 %

Shares of DNP stock opened at $9.28 on Friday. DNP Select Income Fund Inc. has a 1-year low of $8.02 and a 1-year high of $10.04. The business’s fifty day moving average price is $9.47 and its 200 day moving average price is $9.42.

DNP Select Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, May 12th. Investors of record on Wednesday, April 30th will be issued a $0.065 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 8.41%. The ex-dividend date is Wednesday, April 30th.

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.