Stock Yards Bank & Trust Co. Sells 2,875 Shares of DNP Select Income Fund Inc. (NYSE:DNP)

Stock Yards Bank & Trust Co. reduced its position in DNP Select Income Fund Inc. (NYSE:DNP) by 7.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 33,389 shares of the investment management company’s stock after selling 2,875 shares during the period. Stock Yards Bank & Trust Co.’s holdings in DNP Select Income Fund were worth $283,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of DNP. NBC Securities Inc. bought a new stake in shares of DNP Select Income Fund in the 3rd quarter valued at about $65,000. Tennessee Valley Asset Management Partners bought a new stake in shares of DNP Select Income Fund in the 4th quarter valued at about $65,000. BOK Financial Private Wealth Inc. bought a new stake in shares of DNP Select Income Fund in the 4th quarter valued at about $82,000. Investment Partners Asset Management Inc. bought a new stake in shares of DNP Select Income Fund in the 4th quarter valued at about $85,000. Finally, Saxon Interests Inc. acquired a new stake in DNP Select Income Fund in the 4th quarter worth approximately $86,000. 8.51% of the stock is currently owned by institutional investors.

DNP Select Income Fund Stock Performance

DNP stock opened at $8.83 on Thursday. The firm has a 50 day moving average of $8.90 and a 200 day moving average of $8.92. DNP Select Income Fund Inc. has a 52 week low of $8.09 and a 52 week high of $11.18.

DNP Select Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, May 10th. Investors of record on Tuesday, April 30th will be paid a $0.065 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 8.83%. The ex-dividend date of this dividend 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.