Semus Wealth Partners LLC Decreases Stock Holdings in DNP Select Income Fund Inc. (NYSE:DNP)

Semus Wealth Partners LLC trimmed its stake in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 16.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,997 shares of the investment management company’s stock after selling 4,474 shares during the period. Semus Wealth Partners LLC’s holdings in DNP Select Income Fund were worth $221,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in DNP. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of DNP Select Income Fund during the third quarter valued at approximately $44,000. EdgeRock Capital LLC purchased a new stake in DNP Select Income Fund during the second quarter valued at approximately $49,000. Future Financial Wealth Managment LLC purchased a new stake in DNP Select Income Fund during the third quarter valued at approximately $50,000. Benjamin F. Edwards & Company Inc. increased its holdings in DNP Select Income Fund by 13.5% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 9,647 shares of the investment management company’s stock valued at $79,000 after buying an additional 1,150 shares during the last quarter. Finally, Saxon Interests Inc. purchased a new stake in DNP Select Income Fund during the second quarter valued at approximately $82,000. 8.51% of the stock is owned by hedge funds and other institutional investors.

DNP Select Income Fund Stock Down 0.4 %

Shares of DNP stock opened at $9.20 on Monday. DNP Select Income Fund Inc. has a 12 month low of $8.02 and a 12 month high of $10.04. The company has a 50 day simple moving average of $9.64 and a two-hundred day simple moving average of $9.06.

DNP Select Income Fund Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, November 12th. Shareholders of record on Friday, November 1st were issued a dividend of $0.065 per share. The ex-dividend date was Thursday, October 31st. This represents a yield of 8.15%.

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.