N.E.W. Advisory Services LLC Sells 755,938 Shares of DNP Select Income Fund Inc. $DNP

N.E.W. Advisory Services LLC reduced its holdings in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 85.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 126,346 shares of the investment management company’s stock after selling 755,938 shares during the quarter. N.E.W. Advisory Services LLC’s holdings in DNP Select Income Fund were worth $1,237,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. J.W. Cole Advisors Inc. lifted its position in DNP Select Income Fund by 447.6% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 1,046,654 shares of the investment management company’s stock valued at $10,247,000 after acquiring an additional 855,521 shares in the last quarter. Smith Asset Management Co. LLC purchased a new stake in shares of DNP Select Income Fund in the first quarter worth approximately $4,189,000. Royal Bank of Canada lifted its holdings in shares of DNP Select Income Fund by 19.6% in the first quarter. Royal Bank of Canada now owns 2,538,820 shares of the investment management company’s stock valued at $25,109,000 after purchasing an additional 415,954 shares in the last quarter. Owen LaRue LLC lifted its holdings in shares of DNP Select Income Fund by 46.5% in the second quarter. Owen LaRue LLC now owns 359,822 shares of the investment management company’s stock valued at $3,523,000 after purchasing an additional 114,285 shares in the last quarter. Finally, Creative Planning boosted its position in shares of DNP Select Income Fund by 84.7% during the second quarter. Creative Planning now owns 243,060 shares of the investment management company’s stock valued at $2,380,000 after buying an additional 111,497 shares during the last quarter. Institutional investors and hedge funds own 8.51% of the company’s stock.

DNP Select Income Fund Trading Up 0.0%

Shares of DNP Select Income Fund stock opened at $10.03 on Friday. The stock has a fifty day simple moving average of $10.09 and a 200 day simple moving average of $9.91. DNP Select Income Fund Inc. has a 12-month low of $8.69 and a 12-month high of $10.35.

DNP Select Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, April 10th. Stockholders of record on Tuesday, March 31st will be paid a $0.065 dividend. The ex-dividend date is Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 7.8%.

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.