Kentucky Trust Co bought a new stake in shares of DNP Select Income Fund Inc. (NYSE:DNP - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 634,649 shares of the investment management company's stock, valued at approximately $5,598,000. DNP Select Income Fund comprises 3.3% of Kentucky Trust Co's investment portfolio, making the stock its 4th largest holding.
Several other institutional investors have also added to or reduced their stakes in the business. IHT Wealth Management LLC boosted its stake in shares of DNP Select Income Fund by 257.6% in the 3rd quarter. IHT Wealth Management LLC now owns 425,789 shares of the investment management company's stock worth $4,275,000 after buying an additional 306,712 shares during the last quarter. J.W. Cole Advisors Inc. boosted its stake in shares of DNP Select Income Fund by 43.4% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 621,270 shares of the investment management company's stock worth $6,238,000 after buying an additional 187,939 shares during the last quarter. Barclays PLC purchased a new position in shares of DNP Select Income Fund in the 3rd quarter worth $1,205,000. Thrivent Financial for Lutherans boosted its stake in shares of DNP Select Income Fund by 350.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 135,695 shares of the investment management company's stock worth $1,363,000 after buying an additional 105,547 shares during the last quarter. Finally, Bard Financial Services Inc. purchased a new position in shares of DNP Select Income Fund in the 4th quarter worth $763,000. 8.51% of the stock is currently owned by hedge funds and other institutional investors.
DNP Select Income Fund Stock Performance
Shares of DNP stock traded up $0.06 on Friday, reaching $9.38. The stock had a trading volume of 480,293 shares, compared to its average volume of 609,685. DNP Select Income Fund Inc. has a 1 year low of $8.02 and a 1 year high of $10.04. The company has a 50 day simple moving average of $9.22 and a 200 day simple moving average of $9.39.
DNP Select Income Fund Dividend Announcement
The business also recently announced a dividend, which was paid on Monday, February 10th. Investors of record on Monday, February 3rd were given a dividend of $0.065 per share. The ex-dividend date was Friday, January 31st. This represents a yield of 8.24%.
DNP Select Income Fund Company Profile
(
Free Report)
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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