Semus Wealth Partners LLC Sells 4,474 Shares of DNP Select Income Fund Inc. (NYSE:DNP)

Semus Wealth Partners LLC lowered its holdings in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 16.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Cetera Investment Advisers lifted its stake in shares of DNP Select Income Fund by 571.5% in the first quarter. Cetera Investment Advisers now owns 1,228,662 shares of the investment management company’s stock worth $11,144,000 after buying an additional 1,045,691 shares in the last quarter. Wolverine Asset Management LLC lifted its stake in shares of DNP Select Income Fund by 5,329.4% in the second quarter. Wolverine Asset Management LLC now owns 231,293 shares of the investment management company’s stock worth $1,901,000 after buying an additional 227,033 shares in the last quarter. J.W. Cole Advisors Inc. lifted its stake in shares of DNP Select Income Fund by 43.4% in the third quarter. J.W. Cole Advisors Inc. now owns 621,270 shares of the investment management company’s stock worth $6,238,000 after buying an additional 187,939 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of DNP Select Income Fund by 350.1% in the third quarter. Thrivent Financial for Lutherans now owns 135,695 shares of the investment management company’s stock worth $1,363,000 after buying an additional 105,547 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC bought a new position in shares of DNP Select Income Fund in the second quarter worth approximately $678,000. Institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Trading Down 0.4 %

Shares of NYSE DNP opened at $9.20 on Monday. The firm’s 50 day moving average price is $9.64 and its 200-day moving average price is $9.06. DNP Select Income Fund Inc. has a 52-week low of $8.02 and a 52-week high of $10.04.

DNP Select Income Fund Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, November 12th. Stockholders of record on Friday, November 1st were paid a $0.065 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a dividend 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.