Stratos Wealth Advisors LLC Decreases Stock Holdings in DNP Select Income Fund Inc. $DNP

Stratos Wealth Advisors LLC reduced its stake in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 1.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 242,374 shares of the investment management company’s stock after selling 3,672 shares during the quarter. Stratos Wealth Advisors LLC owned approximately 0.07% of DNP Select Income Fund worth $2,373,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its stake in shares of DNP Select Income Fund by 12.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 68,409 shares of the investment management company’s stock worth $677,000 after purchasing an additional 7,698 shares during the last quarter. Private Trust Co. NA purchased a new stake in shares of DNP Select Income Fund during the 1st quarter worth $35,000. Sequoia Financial Advisors LLC purchased a new stake in shares of DNP Select Income Fund during the 1st quarter worth $137,000. Royal Bank of Canada lifted its stake in shares of DNP Select Income Fund by 19.6% during the 1st quarter. Royal Bank of Canada now owns 2,538,820 shares of the investment management company’s stock worth $25,109,000 after purchasing an additional 415,954 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in shares of DNP Select Income Fund by 1.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 382,023 shares of the investment management company’s stock worth $3,778,000 after purchasing an additional 6,794 shares during the last quarter. 8.51% of the stock is currently owned by hedge funds and other institutional investors.

DNP Select Income Fund Trading Down 0.1%

DNP Select Income Fund stock opened at $9.96 on Friday. The stock has a 50-day moving average of $9.92 and a two-hundred day moving average of $9.74. DNP Select Income Fund Inc. has a one year low of $8.69 and a one year high of $10.07.

DNP Select Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, January 12th. Shareholders of record on Wednesday, December 31st will be paid a $0.065 dividend. The ex-dividend date is Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 7.8%.

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.