US Bancorp DE Raises Stake in DNP Select Income Fund Inc. (NYSE:DNP)

US Bancorp DE boosted its stake in DNP Select Income Fund Inc. (NYSE:DNP) by 5.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 77,855 shares of the investment management company’s stock after purchasing an additional 3,809 shares during the quarter. US Bancorp DE’s holdings in DNP Select Income Fund were worth $782,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the business. Cetera Investment Advisers raised its holdings in DNP Select Income Fund by 571.5% in the first quarter. Cetera Investment Advisers now owns 1,228,662 shares of the investment management company’s stock valued at $11,144,000 after acquiring an additional 1,045,691 shares in the last quarter. J.W. Cole Advisors Inc. grew its position in 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 valued at $6,238,000 after buying an additional 187,939 shares in the last quarter. Sanctuary Advisors LLC bought a new position in DNP Select Income Fund in the 2nd quarter valued at about $557,000. Creative Planning lifted its holdings in DNP Select Income Fund by 93.8% in the 3rd quarter. Creative Planning now owns 148,984 shares of the investment management company’s stock valued at $1,496,000 after acquiring an additional 72,100 shares during the last quarter. Finally, Raymond James & Associates lifted its holdings in DNP Select Income Fund by 4.9% in the 3rd quarter. Raymond James & Associates now owns 565,350 shares of the investment management company’s stock valued at $5,676,000 after acquiring an additional 26,351 shares during the last quarter. 8.51% of the stock is currently owned by hedge funds and other institutional investors.

DNP Select Income Fund Stock Up 0.9 %

DNP stock opened at $9.35 on Friday. DNP Select Income Fund Inc. has a one year low of $8.02 and a one year high of $10.04. The firm has a 50-day moving average of $9.66 and a two-hundred day moving average of $9.04.

DNP Select Income Fund Dividend Announcement

The business also recently declared a dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Friday, November 1st will be given a $0.065 dividend. This represents a dividend yield of 8.15%. The ex-dividend date is Thursday, October 31st.

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.