Wesbanco Bank Inc. Sells 5,200 Shares of DNP Select Income Fund Inc. (DNP)

Wesbanco Bank Inc. reduced its position in DNP Select Income Fund Inc. (NYSE:DNP) by 15.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,200 shares of the investment management company’s stock after selling 5,200 shares during the period. Wesbanco Bank Inc.’s holdings in DNP Select Income Fund were worth $311,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Bridgeworth LLC bought a new stake in shares of DNP Select Income Fund in the 2nd quarter valued at about $103,000. Pin Oak Investment Advisors Inc. bought a new stake in shares of DNP Select Income Fund in the 2nd quarter valued at about $105,000. Hayek Kallen Investment Management bought a new stake in shares of DNP Select Income Fund in the 2nd quarter valued at about $216,000. Sawtooth Solutions LLC bought a new stake in shares of DNP Select Income Fund in the 2nd quarter valued at about $226,000. Finally, Integrated Wealth Concepts LLC boosted its holdings in shares of DNP Select Income Fund by 51.8% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 21,685 shares of the investment management company’s stock valued at $234,000 after buying an additional 7,398 shares in the last quarter. Institutional investors and hedge funds own 3.91% of the company’s stock.

NYSE:DNP opened at $11.01 on Friday. DNP Select Income Fund Inc. has a fifty-two week low of $9.71 and a fifty-two week high of $11.45.

The company also recently declared a monthly dividend, which will be paid on Monday, December 10th. Stockholders of record on Friday, November 30th will be issued a $0.065 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 7.08%. The ex-dividend date of this dividend is Thursday, November 29th.

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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.

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Institutional Ownership by Quarter for DNP Select Income Fund (NYSE:DNP)

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