Shulman DeMeo Asset Management LLC lowered its holdings in DNP Select Income Fund Inc. (NYSE:DNP) by 0.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 147,413 shares of the investment management company’s stock after selling 1,069 shares during the quarter. DNP Select Income Fund comprises approximately 0.6% of Shulman DeMeo Asset Management LLC’s investment portfolio, making the stock its 16th largest holding. Shulman DeMeo Asset Management LLC’s holdings in DNP Select Income Fund were worth $1,742,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. American Financial Advisors LLC boosted its holdings in DNP Select Income Fund by 673.3% during the 1st quarter. American Financial Advisors LLC now owns 1,195,887 shares of the investment management company’s stock worth $13,788,000 after acquiring an additional 1,041,230 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in DNP Select Income Fund by 35.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 765,934 shares of the investment management company’s stock worth $8,831,000 after acquiring an additional 200,513 shares during the last quarter. Stephens Inc. AR purchased a new position in DNP Select Income Fund during the 1st quarter worth $1,240,000. Commonwealth Equity Services LLC boosted its holdings in DNP Select Income Fund by 12.6% during the 1st quarter. Commonwealth Equity Services LLC now owns 693,103 shares of the investment management company’s stock worth $7,991,000 after acquiring an additional 77,593 shares during the last quarter. Finally, Global Financial Private Capital LLC boosted its holdings in DNP Select Income Fund by 13.3% during the 1st quarter. Global Financial Private Capital LLC now owns 587,559 shares of the investment management company’s stock worth $6,813,000 after acquiring an additional 69,124 shares during the last quarter. 4.74% of the stock is owned by institutional investors and hedge funds.

DNP traded down $0.08 during mid-day trading on Monday, reaching $12.13. 215,099 shares of the stock were exchanged, compared to its average volume of 279,809. The business has a 50 day moving average of $11.86. DNP Select Income Fund Inc. has a 1 year low of $10.00 and a 1 year high of $12.10.

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Monday, September 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 6.43%. The ex-dividend date is Friday, September 27th.

DNP Select Income Fund Company 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.

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

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