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Brookstone Capital Management reduced its position in DNP Select Income Fund Inc. (NYSE:DNP – Free Report) by 5.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. . The institutional investor owned 36,746 shares of the investment management company’s stock after selling 2,121 shares during the period. His holdings in Brookstone Capital Management’s DNP Select Income Fund were worth $312,000 at the end of the most recent quarter.
A number of other hedge funds have also recently changed their internal positions. Northern Trust Corporation increased its stake in DNP Select Income Fund by 0.8% during the second quarter. Northern Trust Corporation now owns 141,959 shares of the investment management company’s stock valued at $1,539,000 after acquiring an additional 1,100 shares during the last quarter. IFP Advisors Inc increased its stake in DNP Select Income Fund by 2.5% during the 3rd quarter. IFP Advisors Inc now owns 49,594 shares of the investment management company’s stock valued at $472,000 after acquiring an additional 1,200 shares during the last quarter. Investment Partners, Inc. grew its stake in DNP Select Income Fund by 2.8% during the 3rd quarter. Investment Partners Inc. now owns 46,026 shares of the investment management company’s stock valued at $438,000 after acquiring an additional 1,260 shares during the last quarter. Integrated Wealth Concepts LLC grew its stake in DNP Select Income Fund by 10.9% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 13,445 shares of the investment management company’s stock worth $141,000 after acquiring an additional 1,323 shares during the last quarter. Finally, Equitable Holdings Inc. grew its stake in DNP Select Income Fund by 2.9% during the 4th quarter. Equitable Holdings Inc. now owns 48,245 shares of the investment management company’s stock valued at $543,000 after acquiring an additional 1,340 shares during the last quarter. 8.51% of the stock is currently owned by hedge funds and other institutional investors.
DNP Select Income Fund Stock Up 0.4%
DNP opened at $9.08 on Wednesday. The stock’s 50-day moving average price is $8.83 and its 200-day moving average price is $9.03. DNP Select Income Fund has a 1-year low of $8.09 and a 1-year high of $11.18.
Announcement of DNP Select Income Fund dividend
The company also recently announced a dividend, which will be paid on Wednesday, July 10th. The shareholder of record on Friday, June 28th will be paid his $0.065 per share dividend. The ex-dividend date of this dividend will be June 28th (Friday). This corresponds to a dividend yield of 8.6%.
About DNP Select Income Fund
(Free report)
DNP Select Income Fund is a closed-end balanced investment trust launched by Virtus Investment Partners, Inc. The Fund is managed by Duff & Phelps Investment Management Co and invests in the U.S. public equity and debt markets. For the fixed income component, the Fund invests in bonds.
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Curious if other hedge funds own DNP? Visit HoldingsChannel.com to get the latest 13F filings and insider transactions for DNP Select Income Fund, Inc. (NYSE:DNP – Free Report).
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