Royal Fund Management LLC Trims Position in DNP Select Income Fund Inc. (NYSE:DNP)

Royal Fund Management LLC trimmed its position in DNP Select Income Fund Inc. (NYSE:DNP) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,911 shares of the investment management company’s stock after selling 1,339 shares during the period. Royal Fund Management LLC’s holdings in DNP Select Income Fund were worth $279,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in DNP. NBC Securities Inc. bought a new stake in DNP Select Income Fund during the 3rd quarter worth approximately $65,000. Tennessee Valley Asset Management Partners purchased a new position in shares of DNP Select Income Fund during the 4th quarter valued at $65,000. BOK Financial Private Wealth Inc. bought a new position in DNP Select Income Fund in the 4th quarter worth $82,000. Investment Partners Asset Management Inc. purchased a new stake in DNP Select Income Fund in the 4th quarter worth $85,000. Finally, Saxon Interests Inc. bought a new stake in DNP Select Income Fund during the fourth quarter valued at about $86,000. 8.51% of the stock is currently owned by institutional investors.

DNP Select Income Fund Stock Performance

Shares of NYSE DNP traded up $0.03 during mid-day trading on Friday, reaching $8.73. The company’s stock had a trading volume of 524,229 shares, compared to its average volume of 534,650. The stock has a fifty day moving average of $8.90 and a two-hundred day moving average of $8.87. DNP Select Income Fund Inc. has a 52 week low of $8.09 and a 52 week high of $10.70.

DNP Select Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 10th. Shareholders of record on Tuesday, April 30th will be issued a dividend of $0.065 per share. This represents a $0.78 dividend on an annualized basis and a yield of 8.93%. The ex-dividend date is Monday, April 29th.

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.