Strategic Blueprint LLC Decreases Position in DNP Select Income Fund Inc. (NYSE:DNP)

Strategic Blueprint LLC cut its holdings in DNP Select Income Fund Inc. (NYSE:DNP) by 11.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,761 shares of the investment management company’s stock after selling 4,683 shares during the period. Strategic Blueprint LLC’s holdings in DNP Select Income Fund were worth $302,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in DNP. Atria Wealth Solutions Inc. increased its stake in DNP Select Income Fund by 6.9% in the 4th quarter. Atria Wealth Solutions Inc. now owns 124,370 shares of the investment management company’s stock worth $1,056,000 after purchasing an additional 8,048 shares during the period. Silver Oak Securities Incorporated bought a new position in DNP Select Income Fund during the 4th quarter valued at approximately $147,000. Fisher Asset Management LLC lifted its holdings in DNP Select Income Fund by 40.2% in the 4th quarter. Fisher Asset Management LLC now owns 14,616 shares of the investment management company’s stock worth $124,000 after buying an additional 4,189 shares during the period. Private Advisor Group LLC grew its position in shares of DNP Select Income Fund by 5.3% in the 4th quarter. Private Advisor Group LLC now owns 183,466 shares of the investment management company’s stock worth $1,556,000 after buying an additional 9,271 shares during the last quarter. Finally, Apollon Wealth Management LLC increased its stake in shares of DNP Select Income Fund by 21.7% during the fourth quarter. Apollon Wealth Management LLC now owns 738,710 shares of the investment management company’s stock valued at $6,264,000 after buying an additional 131,858 shares during the period. 8.51% of the stock is currently owned by hedge funds and other institutional investors.

DNP Select Income Fund Stock Performance

DNP stock traded down $0.04 on Thursday, reaching $9.42. The company’s stock had a trading volume of 103,867 shares, compared to its average volume of 692,015. The business has a fifty day simple moving average of $8.73 and a two-hundred day simple moving average of $8.76. DNP Select Income Fund Inc. has a 12-month low of $8.02 and a 12-month high of $10.20.

DNP Select Income Fund Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, August 12th. Stockholders of record on Thursday, August 1st were given a $0.065 dividend. This represents a dividend yield of 8.7%. The ex-dividend date of this dividend was Wednesday, July 31st.

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.