GSB Wealth Management LLC Decreases Position in DNP Select Income Fund Inc. (NYSE:DNP)

GSB Wealth Management LLC lessened its holdings in DNP Select Income Fund Inc. (NYSE:DNP) by 0.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 275,405 shares of the investment management company’s stock after selling 2,488 shares during the quarter. GSB Wealth Management LLC’s holdings in DNP Select Income Fund were worth $2,429,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DNP. Safe Harbor Fiduciary LLC purchased a new position in DNP Select Income Fund in the 3rd quarter valued at approximately $28,000. UMB Bank n.a. purchased a new position in DNP Select Income Fund in the 4th quarter valued at approximately $34,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in DNP Select Income Fund in the 3rd quarter valued at approximately $44,000. Future Financial Wealth Managment LLC purchased a new position in DNP Select Income Fund in the 3rd quarter valued at approximately $50,000. Finally, Geneos Wealth Management Inc. boosted its position in DNP Select Income Fund by 62.8% in the 4th quarter. Geneos Wealth Management Inc. now owns 6,024 shares of the investment management company’s stock valued at $53,000 after buying an additional 2,324 shares during the period. Hedge funds and other institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Price Performance

Shares of DNP stock opened at $9.29 on Friday. DNP Select Income Fund Inc. has a 52 week low of $8.02 and a 52 week high of $10.04. The firm has a 50 day moving average of $9.25 and a two-hundred day moving average of $9.31.

DNP Select Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 31st will be issued a $0.065 dividend. The ex-dividend date is Friday, January 31st. This represents a $0.78 dividend on an annualized basis and a dividend yield of 8.40%.

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.