American Financial Advisors LLC Sells 16,981 Shares of DNP Select Income Fund Inc. (NYSE:DNP)

American Financial Advisors LLC cut its position in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 2.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 601,428 shares of the investment management company’s stock after selling 16,981 shares during the period. DNP Select Income Fund comprises 0.9% of American Financial Advisors LLC’s portfolio, making the stock its 25th biggest position. American Financial Advisors LLC owned 0.16% of DNP Select Income Fund worth $5,948,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Cerity Partners LLC raised its position in DNP Select Income Fund by 2.1% during the 1st quarter. Cerity Partners LLC now owns 54,187 shares of the investment management company’s stock valued at $536,000 after purchasing an additional 1,111 shares in the last quarter. Allworth Financial LP increased its holdings in shares of DNP Select Income Fund by 103.8% in the 1st quarter. Allworth Financial LP now owns 30,511 shares of the investment management company’s stock valued at $291,000 after acquiring an additional 15,541 shares during the period. Stratos Wealth Advisors LLC increased its holdings in shares of DNP Select Income Fund by 2.1% in the 1st quarter. Stratos Wealth Advisors LLC now owns 246,046 shares of the investment management company’s stock valued at $2,433,000 after acquiring an additional 5,070 shares during the period. Concurrent Investment Advisors LLC increased its holdings in shares of DNP Select Income Fund by 9.7% in the 1st quarter. Concurrent Investment Advisors LLC now owns 38,623 shares of the investment management company’s stock valued at $382,000 after acquiring an additional 3,410 shares during the period. Finally, D.A. Davidson & CO. increased its holdings in shares of DNP Select Income Fund by 3.8% in the 1st quarter. D.A. Davidson & CO. now owns 169,060 shares of the investment management company’s stock valued at $1,672,000 after acquiring an additional 6,206 shares during the period. 8.51% of the stock is owned by institutional investors.

DNP Select Income Fund Trading Down 0.1%

Shares of NYSE:DNP opened at $9.70 on Friday. DNP Select Income Fund Inc. has a 12-month low of $8.41 and a 12-month high of $10.04. The business’s fifty day simple moving average is $9.72 and its 200-day simple moving average is $9.50.

DNP Select Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, October 10th. Stockholders of record on Tuesday, September 30th will be issued a $0.065 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 8.05%.

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.