Fifth Third Bancorp Sells 4,554 Shares of DNP Select Income Fund Inc. (NYSE:DNP)

Fifth Third Bancorp trimmed its position in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 45.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,479 shares of the investment management company’s stock after selling 4,554 shares during the period. Fifth Third Bancorp’s holdings in DNP Select Income Fund were worth $54,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of DNP. Wells Fargo & Company MN raised its position in shares of DNP Select Income Fund by 995.9% during the 4th quarter. Wells Fargo & Company MN now owns 1,578,766 shares of the investment management company’s stock valued at $13,925,000 after purchasing an additional 1,434,708 shares during the period. Raymond James Financial Inc. bought a new stake in DNP Select Income Fund during the fourth quarter valued at about $7,738,000. Wolverine Asset Management LLC bought a new stake in DNP Select Income Fund during the fourth quarter valued at about $2,915,000. Royal Bank of Canada raised its stake in DNP Select Income Fund by 10.2% during the 4th quarter. Royal Bank of Canada now owns 2,122,866 shares of the investment management company’s stock valued at $18,724,000 after purchasing an additional 196,531 shares during the period. Finally, Cohen & Steers Inc. raised its stake in DNP Select Income Fund by 104.4% during the 4th quarter. Cohen & Steers Inc. now owns 360,387 shares of the investment management company’s stock valued at $3,179,000 after purchasing an additional 184,064 shares during the period. 8.51% of the stock is currently owned by institutional investors.

DNP Select Income Fund Price Performance

Shares of DNP opened at $9.67 on Friday. The business’s 50 day moving average is $9.65 and its 200 day moving average is $9.45. DNP Select Income Fund Inc. has a 12-month low of $8.09 and a 12-month high of $10.04.

DNP Select Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, October 10th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.065 per share. This represents a $0.78 annualized dividend and a dividend yield of 8.07%. The ex-dividend date is Tuesday, September 30th.

About DNP Select Income Fund

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.