GSB Wealth Management LLC Reduces Holdings in DNP Select Income Fund Inc. (NYSE:DNP)

GSB Wealth Management LLC decreased its position in DNP Select Income Fund Inc. (NYSE:DNP) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 275,405 shares of the investment management company’s stock after selling 2,488 shares during the period. GSB Wealth Management LLC’s holdings in DNP Select Income Fund were worth $2,429,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Safe Harbor Fiduciary LLC purchased a new stake in shares of DNP Select Income Fund in the 3rd quarter valued at approximately $28,000. UMB Bank n.a. purchased a new position in shares of DNP Select Income Fund during the 4th quarter worth approximately $34,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of DNP Select Income Fund during the 3rd quarter worth approximately $44,000. Future Financial Wealth Managment LLC purchased a new position in shares of DNP Select Income Fund during the 3rd quarter worth approximately $50,000. Finally, Larson Financial Group LLC purchased a new position in shares of DNP Select Income Fund during the 3rd quarter worth approximately $54,000. Hedge funds and other institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Stock Up 0.5 %

NYSE:DNP opened at $9.29 on Friday. The company has a 50 day moving average price of $9.25 and a 200 day moving average price of $9.31. DNP Select Income Fund Inc. has a fifty-two week low of $8.02 and a fifty-two week high of $10.04.

DNP Select Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 31st will be given a dividend of $0.065 per share. 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%.

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.