IFP Advisors Inc cut its stake in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 7.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 108,722 shares of the investment management company’s stock after selling 8,407 shares during the quarter. IFP Advisors Inc’s holdings in DNP Select Income Fund were worth $1,248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in DNP. Investment Partners Ltd. OH ADV lifted its position in DNP Select Income Fund by 24.4% during the second quarter. Investment Partners Ltd. OH ADV now owns 17,770 shares of the investment management company’s stock valued at $196,000 after purchasing an additional 3,482 shares during the last quarter. Carroll Financial Associates Inc. lifted its position in DNP Select Income Fund by 182.2% during the second quarter. Carroll Financial Associates Inc. now owns 15,489 shares of the investment management company’s stock valued at $170,000 after purchasing an additional 10,000 shares during the last quarter. Aviance Capital Partners LLC lifted its position in DNP Select Income Fund by 4.0% during the second quarter. Aviance Capital Partners LLC now owns 252,835 shares of the investment management company’s stock valued at $2,784,000 after purchasing an additional 9,635 shares during the last quarter. FineMark National Bank & Trust lifted its position in DNP Select Income Fund by 1.9% during the second quarter. FineMark National Bank & Trust now owns 82,010 shares of the investment management company’s stock valued at $903,000 after purchasing an additional 1,495 shares during the last quarter. Finally, Schnieders Capital Management LLC lifted its position in DNP Select Income Fund by 3.3% during the second quarter. Schnieders Capital Management LLC now owns 15,729 shares of the investment management company’s stock valued at $173,000 after purchasing an additional 500 shares during the last quarter. Institutional investors and hedge funds own 3.58% of the company’s stock.

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In other news, Director Philip R. Mcloughlin sold 7,500 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $11.33, for a total transaction of $84,975.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.07% of the company’s stock.

Shares of DNP Select Income Fund Inc. (DNP) opened at $11.29 on Friday. DNP Select Income Fund Inc. has a 1 year low of $9.81 and a 1 year high of $11.57.

The firm also recently announced a monthly dividend, which will be paid on Friday, November 10th. Shareholders of record on Tuesday, October 31st will be paid a $0.065 dividend. The ex-dividend date of this dividend is Monday, October 30th. This represents a $0.78 dividend on an annualized basis and a yield of 6.91%. DNP Select Income Fund’s payout ratio is 205.26%.

About DNP Select Income Fund

DNP Select Income Fund Inc is a closed-end diversified management investment company. The Fund’s primary investment objectives are current income and long-term growth of income. Capital appreciation is a secondary objective. It seeks to achieve its investment objectives by investing primarily in the public utility industry.

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

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