DNP Select Income Fund Inc. (NYSE:DNP) Shares Sold by Semus Wealth Partners LLC

Semus Wealth Partners LLC lowered its holdings in DNP Select Income Fund Inc. (NYSE:DNP) by 18.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,881 shares of the investment management company’s stock after selling 4,116 shares during the period. Semus Wealth Partners LLC’s holdings in DNP Select Income Fund were worth $158,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Safe Harbor Fiduciary LLC purchased a new stake in DNP Select Income Fund during the 3rd quarter worth $28,000. Crews Bank & Trust purchased a new stake in shares of DNP Select Income Fund in the fourth quarter worth about $29,000. UMB Bank n.a. purchased a new stake in shares of DNP Select Income Fund during the 4th quarter valued at about $34,000. Tandem Financial LLC acquired a new position in DNP Select Income Fund during the 4th quarter worth approximately $34,000. Finally, Golden State Wealth Management LLC purchased a new position in DNP Select Income Fund in the 4th quarter worth approximately $35,000. Hedge funds and other institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Trading Up 0.6 %

DNP opened at $9.42 on Wednesday. The firm’s 50 day moving average is $9.22 and its 200-day moving average is $9.40. DNP Select Income Fund Inc. has a 52-week low of $8.02 and a 52-week high of $10.04.

DNP Select Income Fund Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, February 10th. Shareholders of record on Monday, February 3rd were issued a $0.065 dividend. The ex-dividend date was Friday, January 31st. This represents a 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.