DNP Select Income Fund Inc. (DNP) Position Reduced by Legacy Capital Partners Inc.

Legacy Capital Partners Inc. trimmed its position in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 28.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 32,625 shares of the investment management company’s stock after selling 12,675 shares during the quarter. Legacy Capital Partners Inc.’s holdings in DNP Select Income Fund were worth $352,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Allied Investment Advisors LLC purchased a new stake in DNP Select Income Fund during the 4th quarter valued at about $208,000. Northwestern Mutual Wealth Management Co. grew its position in DNP Select Income Fund by 100.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 12,794 shares of the investment management company’s stock valued at $138,000 after purchasing an additional 6,409 shares during the last quarter. IFC Holdings Incorporated FL grew its position in DNP Select Income Fund by 23.1% during the 4th quarter. IFC Holdings Incorporated FL now owns 97,148 shares of the investment management company’s stock valued at $1,046,000 after purchasing an additional 18,231 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new stake in DNP Select Income Fund during the 4th quarter valued at about $223,000. Finally, GSB Wealth Management LLC grew its position in DNP Select Income Fund by 8.2% during the 4th quarter. GSB Wealth Management LLC now owns 157,032 shares of the investment management company’s stock valued at $1,695,000 after purchasing an additional 11,911 shares during the last quarter. 3.91% of the stock is currently owned by institutional investors.

Shares of DNP Select Income Fund Inc. (NYSE DNP) opened at $10.15 on Friday. DNP Select Income Fund Inc. has a 1 year low of $9.71 and a 1 year high of $11.57.

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 12th. Investors of record on Wednesday, January 31st will be given a dividend of $0.065 per share. This represents a $0.78 annualized dividend and a yield of 7.68%. The ex-dividend date of this dividend is Tuesday, January 30th.

In other news, Director Clifford W. Jr. Hoffman acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were bought at an average cost of $10.33 per share, with a total value of $103,300.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.07% of the company’s stock.

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About DNP Select Income Fund

DNP Select Income Fund Inc is a closed-end diversified management investment company. The Fund’s primary investment objectives are current income and long-term growth of income. Capital appreciation is a secondary objective. It seeks to achieve its investment objectives by investing primarily in the public utility industry.

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

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