Verus Capital Partners LLC Trims Stock Position in DNP Select Income Fund Inc. (NYSE:DNP)

Verus Capital Partners LLC decreased its position in DNP Select Income Fund Inc. (NYSE:DNP) by 5.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,800 shares of the investment management company’s stock after selling 2,619 shares during the period. Verus Capital Partners LLC’s holdings in DNP Select Income Fund were worth $386,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Apollon Wealth Management LLC lifted its holdings in DNP Select Income Fund by 1.4% in the fourth quarter. Apollon Wealth Management LLC now owns 864,905 shares of the investment management company’s stock valued at $7,628,000 after acquiring an additional 11,890 shares during the last quarter. J.W. Cole Advisors Inc. lifted its stake in shares of DNP Select Income Fund by 23.4% in the 4th 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. Kentucky Trust Co purchased a new position in shares of DNP Select Income Fund during the 4th quarter worth $5,598,000. Raymond James & Associates increased 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 purchasing an additional 26,351 shares during the last quarter. Finally, IHT Wealth Management LLC raised its holdings in DNP Select Income Fund by 257.6% in the 3rd quarter. IHT Wealth Management LLC now owns 425,789 shares of the investment management company’s stock valued at $4,275,000 after buying an additional 306,712 shares during the period. Institutional investors and hedge funds own 8.51% of the company’s stock.

DNP Select Income Fund Stock Up 1.2 %

NYSE DNP opened at $9.57 on Friday. The firm’s 50-day moving average is $9.27 and its two-hundred day moving average is $9.42. DNP Select Income Fund Inc. has a 12 month low of $8.02 and a 12 month high of $10.04.

DNP Select Income Fund Dividend Announcement

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. The ex-dividend date was Friday, January 31st. This represents a dividend yield of 8.24%.

Insider Buying and Selling

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

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.