MAS Advisors LLC Has $657,000 Stock Position in DNP Select Income Fund Inc. (NYSE:DNP)

MAS Advisors LLC cut its holdings in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 25.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 74,470 shares of the investment management company’s stock after selling 25,456 shares during the quarter. DNP Select Income Fund accounts for about 1.1% of MAS Advisors LLC’s portfolio, making the stock its 27th biggest holding. MAS Advisors LLC’s holdings in DNP Select Income Fund were worth $657,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of DNP. Safe Harbor Fiduciary LLC acquired a new position in shares of DNP Select Income Fund in the third quarter valued at $28,000. Crews Bank & Trust bought a new stake in DNP Select Income Fund in the 4th quarter valued at $29,000. UMB Bank n.a. acquired a new position in shares of DNP Select Income Fund in the 4th quarter valued at $34,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of DNP Select Income Fund during the 3rd quarter worth about $44,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of DNP Select Income Fund during the 3rd quarter valued at about $50,000. Institutional investors and hedge funds own 8.51% of the company’s stock.

DNP Select Income Fund Price Performance

NYSE:DNP opened at $9.33 on Wednesday. The firm has a 50-day moving average price of $9.24 and a 200 day moving average price of $9.36. DNP Select Income Fund Inc. has a 12-month low of $8.02 and a 12-month high of $10.04.

DNP Select Income Fund Announces Dividend

The business also recently announced a dividend, which will be paid on Monday, February 10th. Investors of record on Monday, February 3rd will be given a dividend of $0.065 per share. The ex-dividend date is Friday, January 31st. This represents a dividend yield of 8.24%.

About DNP Select Income Fund

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.