Providence First Trust Co lessened its position in DNP Select Income Fund Inc. (NYSE:DNP) by 2.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 81,839 shares of the investment management company’s stock after selling 2,362 shares during the period. Providence First Trust Co’s holdings in DNP Select Income Fund were worth $944,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of the business. Oppenheimer & Co. Inc. increased its stake in DNP Select Income Fund by 8.6% in the first quarter. Oppenheimer & Co. Inc. now owns 11,630 shares of the investment management company’s stock valued at $134,000 after purchasing an additional 920 shares in the last quarter. Farmers & Merchants Investments Inc. increased its stake in DNP Select Income Fund by 26.6% in the first quarter. Farmers & Merchants Investments Inc. now owns 4,990 shares of the investment management company’s stock valued at $58,000 after purchasing an additional 1,050 shares in the last quarter. BB&T Securities LLC increased its stake in DNP Select Income Fund by 5.3% in the fourth quarter. BB&T Securities LLC now owns 22,951 shares of the investment management company’s stock valued at $238,000 after purchasing an additional 1,145 shares in the last quarter. Mascoma Wealth Management LLC increased its stake in DNP Select Income Fund by 1.6% in the first quarter. Mascoma Wealth Management LLC now owns 93,531 shares of the investment management company’s stock valued at $1,078,000 after purchasing an additional 1,500 shares in the last quarter. Finally, GSB Wealth Management LLC increased its stake in DNP Select Income Fund by 1.0% in the fourth quarter. GSB Wealth Management LLC now owns 164,407 shares of the investment management company’s stock valued at $1,712,000 after purchasing an additional 1,706 shares in the last quarter. 4.51% of the stock is owned by hedge funds and other institutional investors.

NYSE:DNP traded down $0.03 during trading hours on Wednesday, hitting $11.60. The stock had a trading volume of 3,000 shares, compared to its average volume of 279,250. DNP Select Income Fund Inc. has a one year low of $10.00 and a one year high of $11.72.

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 28th will be issued a $0.065 dividend. This represents a $0.78 annualized dividend and a dividend yield of 6.72%. The ex-dividend date of this dividend is Thursday, June 27th.

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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.

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Institutional Ownership by Quarter for DNP Select Income Fund (NYSE:DNP)

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