DNP Select Income Fund Inc. (NYSE:DNP) Holdings reduced by Belpointe Asset Management LLC

Belpointe Asset Management LLC reduced its stake in DNP Select Income Fund Inc. (NYSE: DNP – Get Rating) by 28.4% in the first quarter, according to the company in its latest filing with the Securities & Exchange Commission. The institutional investor owned 10,074 shares of the portfolio management company after selling 3,989 shares during the quarter. Belpointe Asset Management LLC’s holdings in DNP Select Income Fund were worth $119,000 at the end of the last quarter.

A number of other hedge funds and other institutional investors have also recently increased or reduced their stakes in DNP. Dixon Hughes Goodman Wealth Advisors LLC bought a new stake in DNP Select Income Fund in Q1 worth approximately $27,000. City State Bank acquired a new equity position in DNP Select Income Fund during Q4 worth $46,000. AdvisorNet Financial Inc increased its stake in shares of DNP Select Income Fund by 85.9% during the 1st quarter. AdvisorNet Financial Inc now owns 4,977 shares of the investment management company worth $59,000 after buying 2,300 more shares in the last quarter. Widmann Financial Services Inc. acquired a new position in shares of DNP Select Income Fund during the 4th quarter at a value of $61,000. Finally, Clearstead Advisors LLC acquired a new position in shares of DNP Select Income Fund during the 4th quarter at a value of $61,000. Hedge funds and other institutional investors own 6.70% of the company’s shares.

DNP Select Income Fund Share Performance

DNP shares opened at $10.98 on Friday. The company’s fifty-day moving average is $10.94 and its 200-day moving average is $11.21. DNP Select Income Fund Inc. has a 12 month minimum of $10.06 and a 12 month maximum of $12.00.

DNP Select Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, October 11. Shareholders of record on Friday, September 30 will receive a dividend of $0.065 per share. The ex-date of this dividend is Thursday, September 29. This represents an annualized dividend of $0.78 and a dividend yield of 7.10%.

DNP Select Income Fund Profile

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DNP Select Income Fund Inc is a closed-end balanced mutual fund launched by Virtus Investment Partners, Inc. The fund is managed by Duff & Phelps Investment Management Co. It invests in public markets equity and fixed income securities of United States. For the fixed income portion, the fund invests in bonds.

See also

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