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

Aviance Capital Partners LLC lessened its stake in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 62.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 64,174 shares of the investment management company’s stock after selling 107,657 shares during the quarter. Aviance Capital Partners LLC’s holdings in DNP Select Income Fund were worth $544,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Commonwealth Equity Services LLC boosted its holdings in shares of DNP Select Income Fund by 2.2% in the third quarter. Commonwealth Equity Services LLC now owns 936,295 shares of the investment management company’s stock valued at $8,914,000 after acquiring an additional 20,505 shares during the period. Brighton Jones LLC acquired a new stake in DNP Select Income Fund during the 3rd quarter worth $307,000. TIAA Trust National Association purchased a new position in DNP Select Income Fund during the 3rd quarter worth $122,000. Alterity Financial Group LLC grew its holdings in shares of DNP Select Income Fund by 7.7% during the third quarter. Alterity Financial Group LLC now owns 64,550 shares of the investment management company’s stock worth $615,000 after buying an additional 4,601 shares during the last quarter. Finally, Fifth Third Bancorp increased its position in DNP Select Income Fund by 29.1% in the 3rd quarter. Fifth Third Bancorp now owns 15,880 shares of the investment management company’s stock valued at $151,000 after acquiring an additional 3,580 shares during the period. Institutional investors and hedge funds own 8.51% of the company’s stock.

DNP Select Income Fund Stock Up 0.7 %

DNP Select Income Fund stock traded up $0.06 during mid-day trading on Tuesday, reaching $8.80. 474,620 shares of the company were exchanged, compared to its average volume of 619,051. The firm’s 50-day simple moving average is $8.90 and its two-hundred day simple moving average is $8.86. DNP Select Income Fund Inc. has a twelve month low of $8.09 and a twelve month high of $10.70.

DNP Select Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 31st will be issued a dividend of $0.065 per share. This represents a $0.78 annualized dividend and a dividend yield of 8.87%. The ex-dividend date of this dividend is Friday, May 31st.

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.