Capital Investment Advisory Services LLC Sells 2,330 Shares of DNP Select Income Fund Inc. (NYSE:DNP)

Capital Investment Advisory Services LLC cut its holdings in DNP Select Income Fund Inc. (NYSE:DNP) by 5.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 41,851 shares of the investment management company’s stock after selling 2,330 shares during the period. Capital Investment Advisory Services LLC’s holdings in DNP Select Income Fund were worth $538,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Morgan Stanley increased its stake in shares of DNP Select Income Fund by 12.0% in the second quarter. Morgan Stanley now owns 1,742,753 shares of the investment management company’s stock worth $20,600,000 after purchasing an additional 186,042 shares during the period. American Financial Advisors LLC increased its stake in DNP Select Income Fund by 4.7% during the second quarter. American Financial Advisors LLC now owns 1,252,005 shares of the investment management company’s stock valued at $14,798,000 after acquiring an additional 56,118 shares during the period. Royal Bank of Canada increased its stake in DNP Select Income Fund by 5.1% during the second quarter. Royal Bank of Canada now owns 968,610 shares of the investment management company’s stock valued at $11,449,000 after acquiring an additional 47,285 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in DNP Select Income Fund by 9.3% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 837,193 shares of the investment management company’s stock valued at $9,896,000 after acquiring an additional 71,259 shares during the period. Finally, Commonwealth Equity Services LLC increased its stake in DNP Select Income Fund by 16.9% during the second quarter. Commonwealth Equity Services LLC now owns 810,563 shares of the investment management company’s stock valued at $9,580,000 after acquiring an additional 117,460 shares during the period. Institutional investors and hedge funds own 4.71% of the company’s stock.

DNP traded down $0.02 on Thursday, hitting $12.72. 8,883 shares of the stock traded hands, compared to its average volume of 314,935. DNP Select Income Fund Inc. has a 52 week low of $10.00 and a 52 week high of $12.99. The business has a fifty day moving average price of $12.78 and a two-hundred day moving average price of $12.06.

The company also recently declared a — dividend, which will be paid on Friday, January 10th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.065 per share. The ex-dividend date is Monday, December 30th. This represents a yield of 6%.

DNP Select Income Fund Company 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.

Read More: What is Green Investing?

Want to see what other hedge funds are holding DNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DNP Select Income Fund Inc. (NYSE:DNP).

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

Receive News & Ratings for DNP Select Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DNP Select Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.