Truist Financial Corp Purchases 10,946 Shares of DNP Select Income Fund Inc. $DNP

Truist Financial Corp boosted its stake in DNP Select Income Fund Inc. (NYSE:DNP) by 12.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 96,139 shares of the investment management company’s stock after purchasing an additional 10,946 shares during the quarter. Truist Financial Corp’s holdings in DNP Select Income Fund were worth $941,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of DNP. Private Trust Co. NA purchased a new stake in DNP Select Income Fund in the 1st quarter worth $35,000. IFP Advisors Inc lifted its stake in DNP Select Income Fund by 25.6% in the 1st quarter. IFP Advisors Inc now owns 5,931 shares of the investment management company’s stock worth $59,000 after purchasing an additional 1,210 shares in the last quarter. Oliver Lagore Vanvalin Investment Group purchased a new stake in DNP Select Income Fund in the 2nd quarter worth $64,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in DNP Select Income Fund in the 1st quarter worth $78,000. Finally, Golden State Wealth Management LLC lifted its stake in DNP Select Income Fund by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 8,000 shares of the investment management company’s stock worth $79,000 after purchasing an additional 4,000 shares in the last quarter. Hedge funds and other institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Trading Up 0.5%

Shares of DNP stock opened at $9.98 on Tuesday. DNP Select Income Fund Inc. has a 52 week low of $8.69 and a 52 week high of $10.04. The company’s fifty day simple moving average is $9.90 and its two-hundred day simple moving average is $9.74.

DNP Select Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, January 12th. Investors of record on Wednesday, December 31st will be paid a dividend of $0.065 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 7.8%.

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.