DNP Select Income Fund Inc. (NYSE:DNP) Shares Purchased by Truist Financial Corp

Truist Financial Corp increased its stake in DNP Select Income Fund Inc. (NYSE:DNP) by 11.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 110,316 shares of the investment management company’s stock after purchasing an additional 11,544 shares during the quarter. Truist Financial Corp’s holdings in DNP Select Income Fund were worth $973,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DNP. GPS Wealth Strategies Group LLC grew its stake in DNP Select Income Fund by 11.4% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 12,000 shares of the investment management company’s stock valued at $106,000 after acquiring an additional 1,225 shares in the last quarter. OneDigital Investment Advisors LLC grew its holdings in shares of DNP Select Income Fund by 11.2% during the third quarter. OneDigital Investment Advisors LLC now owns 12,508 shares of the investment management company’s stock worth $126,000 after purchasing an additional 1,263 shares during the last quarter. First Heartland Consultants Inc. boosted its holdings in DNP Select Income Fund by 0.5% in the third quarter. First Heartland Consultants Inc. now owns 277,516 shares of the investment management company’s stock valued at $2,789,000 after acquiring an additional 1,363 shares during the last quarter. Stratos Wealth Advisors LLC lifted its stake in DNP Select Income Fund by 0.7% in the fourth quarter. Stratos Wealth Advisors LLC now owns 240,976 shares of the investment management company’s stock valued at $2,125,000 after buying an additional 1,749 shares during the period. Finally, Geneos Wealth Management Inc. raised its position in shares of DNP Select Income Fund by 62.8% during the fourth quarter. Geneos Wealth Management Inc. now owns 6,024 shares of the investment management company’s stock worth $53,000 after purchasing an additional 2,324 shares during the period. 8.51% of the stock is currently owned by institutional investors.

Insider Transactions at DNP Select Income Fund

In other news, Director Geraldine M. Mcnamara sold 11,391 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $9.41, for a total transaction of $107,189.31. Following the completion of the transaction, the director now owns 5,344 shares of the company’s stock, valued at approximately $50,287.04. The trade was a 68.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.06% of the stock is currently owned by corporate insiders.

DNP Select Income Fund Price Performance

Shares of DNP Select Income Fund stock opened at $9.57 on Friday. The business’s 50 day simple moving average is $9.28 and its 200 day simple moving average is $9.43. DNP Select Income Fund Inc. has a 52-week low of $8.02 and a 52-week high of $10.04.

DNP Select Income Fund Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, February 10th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.065 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a dividend yield of 8.24%.

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.