Cherry Tree Wealth Management LLC Sells 8,000 Shares of DNP Select Income Fund Inc. (NYSE:DNP)

Cherry Tree Wealth Management LLC reduced its holdings in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 10.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 71,355 shares of the investment management company’s stock after selling 8,000 shares during the quarter. Cherry Tree Wealth Management LLC’s holdings in DNP Select Income Fund were worth $629,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Safe Harbor Fiduciary LLC bought a new position in shares of DNP Select Income Fund during the 3rd quarter worth approximately $28,000. Crews Bank & Trust bought a new position in shares of DNP Select Income Fund during the 4th quarter worth approximately $29,000. UMB Bank n.a. bought a new position in shares of DNP Select Income Fund during the 4th quarter worth approximately $34,000. Tandem Financial LLC bought a new position in shares of DNP Select Income Fund during the 4th quarter worth approximately $34,000. Finally, Golden State Wealth Management LLC bought a new position in shares of DNP Select Income Fund during the 4th quarter worth approximately $35,000. 8.51% of the stock is owned by institutional investors.

Insider Activity

In other 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 value of $107,189.31. Following the completion of the sale, the director now 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 filing with the SEC, which can be accessed through the SEC website. 0.06% of the stock is currently owned by insiders.

DNP Select Income Fund Stock Up 0.1 %

Shares of DNP opened at $9.46 on Monday. DNP Select Income Fund Inc. has a twelve month low of $8.02 and a twelve month high of $10.04. The company has a 50 day moving average of $9.23 and a 200-day moving average of $9.41.

DNP Select Income Fund Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, February 10th. Stockholders of record on Monday, February 3rd were issued a $0.065 dividend. This represents a dividend 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.