DNP Select Income Fund Inc. (NYSE:DNP) Shares Sold by Mission Wealth Management LP

Mission Wealth Management LP lowered its holdings in DNP Select Income Fund Inc. (NYSE:DNP) by 49.7% in the third quarter, HoldingsChannel reports. The firm owned 24,087 shares of the investment management company’s stock after selling 23,835 shares during the quarter. Mission Wealth Management LP’s holdings in DNP Select Income Fund were worth $242,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in DNP. RMR Wealth Builders acquired a new position in shares of DNP Select Income Fund in the second quarter valued at approximately $30,000. Nachman Norwood & Parrott Inc acquired a new position in shares of DNP Select Income Fund in the third quarter valued at approximately $40,000. Sound Income Strategies LLC grew its holdings in shares of DNP Select Income Fund by 21.8% in the second quarter. Sound Income Strategies LLC now owns 5,544 shares of the investment management company’s stock valued at $60,000 after purchasing an additional 994 shares in the last quarter. Bank of Montreal Can grew its holdings in DNP Select Income Fund by 27.3% during the 2nd quarter. Bank of Montreal Can now owns 7,489 shares of the investment management company’s stock worth $82,000 after acquiring an additional 1,606 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new position in DNP Select Income Fund during the 1st quarter worth approximately $101,000. Hedge funds and other institutional investors own 5.88% of the company’s stock.

NYSE DNP opened at $10.15 on Friday. DNP Select Income Fund Inc. has a 52 week low of $6.76 and a 52 week high of $13.22. The firm has a 50 day moving average of $10.20 and a two-hundred day moving average of $10.63.

The company also recently declared a monthly dividend, which will be paid on Monday, January 11th. Shareholders of record on Thursday, December 31st will be issued a dividend of $0.065 per share. This represents a $0.78 annualized dividend and a yield of 7.68%. The ex-dividend date is Wednesday, December 30th.

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.

See Also: Channel Trading

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

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