Truist Financial Corp Has $530,000 Stock Holdings in DNP Select Income Fund Inc. (NYSE:DNP)

Truist Financial Corp decreased its stake in DNP Select Income Fund Inc. (NYSE:DNP – Get Rating) by 27.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,103 shares of the investment management company’s stock after selling 19,043 shares during the period. Truist Financial Corp’s holdings in DNP Select Income Fund were worth $530,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of DNP. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of DNP Select Income Fund in the second quarter worth $26,000. Selective Wealth Management Inc. acquired a new stake in DNP Select Income Fund during the second quarter worth $28,000. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in DNP Select Income Fund during the first quarter worth $49,000. SeaCrest Wealth Management LLC acquired a new stake in DNP Select Income Fund during the second quarter worth $51,000. Finally, EdgeRock Capital LLC acquired a new stake in DNP Select Income Fund during the third quarter worth $61,000. Institutional investors and hedge funds own 7.75% of the company’s stock.

DNP Select Income Fund Trading Up 0.6 %

DNP opened at $11.62 on Tuesday. DNP Select Income Fund Inc. has a fifty-two week low of $9.83 and a fifty-two week high of $12.00. The firm’s fifty day moving average price is $11.34 and its two-hundred day moving average price is $11.10.

DNP Select Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, February 10th. Shareholders of record on Tuesday, January 31st will be paid a dividend of $0.065 per share. The ex-dividend date is Monday, January 30th. This represents a $0.78 dividend on an annualized basis and a yield of 6.71%.

DNP Select Income Fund Company Profile

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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.