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

Stock Yards Bank & Trust Co. boosted its stake in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 4.1% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 121,925 shares of the investment management company’s stock after acquiring an additional 4,850 shares during the period. Stock Yards Bank & Trust Co.’s holdings in DNP Select Income Fund were worth $1,002,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in DNP. Hartline Investment Corp acquired a new position in DNP Select Income Fund during the first quarter worth $10,604,000. Cetera Investment Advisers raised its position in DNP Select Income Fund by 571.5% during the first quarter. Cetera Investment Advisers now owns 1,228,662 shares of the investment management company’s stock worth $11,144,000 after acquiring an additional 1,045,691 shares during the period. Wolverine Asset Management LLC raised its position in DNP Select Income Fund by 5,329.4% during the second quarter. Wolverine Asset Management LLC now owns 231,293 shares of the investment management company’s stock worth $1,901,000 after acquiring an additional 227,033 shares during the period. Foguth Wealth Management LLC. acquired a new stake in shares of DNP Select Income Fund in the first quarter valued at about $1,005,000. Finally, U.S. Capital Wealth Advisors LLC acquired a new stake in shares of DNP Select Income Fund in the second quarter valued at about $678,000. 8.51% of the stock is currently owned by institutional investors and hedge funds.

DNP Select Income Fund Stock Performance

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

DNP Select Income Fund Dividend Announcement

The business also recently announced a dividend, which was paid on Monday, August 12th. Stockholders of record on Thursday, August 1st were issued a dividend of $0.065 per share. This represents a dividend yield of 8.7%. The ex-dividend date was Wednesday, July 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.