DNP Select Income Fund Inc. $DNP Shares Bought by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. boosted its holdings in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 5.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 105,716 shares of the investment management company’s stock after acquiring an additional 5,805 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in DNP Select Income Fund were worth $1,035,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Royal Bank of Canada increased its stake in DNP Select Income Fund by 19.6% during the first quarter. Royal Bank of Canada now owns 2,538,820 shares of the investment management company’s stock worth $25,109,000 after acquiring an additional 415,954 shares during the last quarter. LPL Financial LLC increased its stake in DNP Select Income Fund by 4.4% during the first quarter. LPL Financial LLC now owns 2,298,467 shares of the investment management company’s stock worth $22,732,000 after acquiring an additional 96,233 shares during the last quarter. Baird Financial Group Inc. increased its stake in DNP Select Income Fund by 4.9% during the first quarter. Baird Financial Group Inc. now owns 1,648,916 shares of the investment management company’s stock worth $16,308,000 after acquiring an additional 77,017 shares during the last quarter. Cetera Investment Advisers increased its stake in DNP Select Income Fund by 9.0% during the first quarter. Cetera Investment Advisers now owns 1,377,023 shares of the investment management company’s stock worth $13,619,000 after acquiring an additional 114,135 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in DNP Select Income Fund by 1.5% during the first quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,230,048 shares of the investment management company’s stock worth $12,202,000 after acquiring an additional 18,510 shares during the last quarter. Institutional investors and hedge funds own 8.51% of the company’s stock.

DNP Select Income Fund Price Performance

DNP stock opened at $9.97 on Friday. The business has a fifty day moving average of $9.88 and a two-hundred day moving average of $9.73. DNP Select Income Fund Inc. has a 52-week low of $8.69 and a 52-week high of $10.04.

DNP Select Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, January 12th. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.065 per share. This represents a c) annualized dividend and a dividend yield of 7.8%. The ex-dividend date is Wednesday, December 31st.

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.