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

Stock Yards Bank & Trust Co. lifted its stake in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 4.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 121,925 shares of the investment management company’s stock after purchasing an additional 4,850 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in DNP Select Income Fund were worth $1,002,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in DNP. Fortis Group Advisors LLC boosted its holdings in shares of DNP Select Income Fund by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 3,000 shares of the investment management company’s stock worth $25,000 after purchasing an additional 1,500 shares during the last quarter. Principal Securities Inc. acquired a new position in DNP Select Income Fund in the fourth quarter valued at approximately $44,000. EdgeRock Capital LLC acquired a new position in DNP Select Income Fund in the second quarter valued at approximately $49,000. Saxon Interests Inc. acquired a new position in DNP Select Income Fund in the second quarter valued at approximately $82,000. Finally, GEM Asset Management LLC acquired a new position in DNP Select Income Fund in the second quarter valued at approximately $83,000. 8.51% of the stock is currently owned by institutional investors and hedge funds.

DNP Select Income Fund Trading Up 0.8 %

DNP opened at $9.82 on Wednesday. DNP Select Income Fund Inc. has a one year low of $8.02 and a one year high of $10.05. The business’s 50 day moving average price is $9.08 and its 200 day moving average price is $8.84.

DNP Select Income Fund Announces Dividend

The firm also recently disclosed a dividend, which was paid on Monday, August 12th. Investors of record on Thursday, August 1st were issued a $0.065 dividend. This represents a yield of 8.7%. The ex-dividend date of this dividend was Wednesday, July 31st.

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.