DNP Select Income Fund Inc. (NYSE:DNP) Shares Sold by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. trimmed its holdings in DNP Select Income Fund Inc. (NYSE:DNP) by 7.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,389 shares of the investment management company’s stock after selling 2,875 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in DNP Select Income Fund were worth $283,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. J.W. Cole Advisors Inc. boosted its holdings in DNP Select Income Fund by 6.0% in the fourth quarter. J.W. Cole Advisors Inc. now owns 396,842 shares of the investment management company’s stock valued at $3,365,000 after purchasing an additional 22,533 shares in the last quarter. HTLF Bank acquired a new stake in shares of DNP Select Income Fund in the fourth quarter valued at approximately $123,000. Carl P. Sherr & Co. LLC boosted its holdings in shares of DNP Select Income Fund by 8.5% in the fourth quarter. Carl P. Sherr & Co. LLC now owns 112,728 shares of the investment management company’s stock valued at $956,000 after acquiring an additional 8,800 shares during the period. BOK Financial Private Wealth Inc. acquired a new stake in shares of DNP Select Income Fund in the fourth quarter valued at approximately $82,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in shares of DNP Select Income Fund by 353.1% in the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,027,018 shares of the investment management company’s stock valued at $8,709,000 after acquiring an additional 800,351 shares during the period. 8.51% of the stock is owned by institutional investors and hedge funds.

DNP Select Income Fund Price Performance

DNP stock opened at $8.83 on Thursday. DNP Select Income Fund Inc. has a twelve month low of $8.09 and a twelve month high of $11.18. The business has a 50 day simple moving average of $8.90 and a 200-day simple moving average of $8.92.

DNP Select Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 10th. Stockholders of record on Tuesday, April 30th will be issued a $0.065 dividend. This represents a $0.78 annualized dividend and a dividend yield of 8.83%. The ex-dividend date is Monday, April 29th.

DNP Select Income Fund Company 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.