DNP Select Income Fund Inc. $DNP Shares Purchased by Truist Financial Corp

Truist Financial Corp increased its position in DNP Select Income Fund Inc. (NYSE:DNP) by 73.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 166,837 shares of the investment management company’s stock after buying an additional 70,698 shares during the quarter. Truist Financial Corp’s holdings in DNP Select Income Fund were worth $1,670,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Commonwealth Equity Services LLC increased its stake in DNP Select Income Fund by 4.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 1,449,269 shares of the investment management company’s stock valued at $14,507,000 after buying an additional 65,175 shares during the period. Verus Capital Partners LLC grew its holdings in shares of DNP Select Income Fund by 87.9% during the 2nd quarter. Verus Capital Partners LLC now owns 125,832 shares of the investment management company’s stock valued at $1,232,000 after acquiring an additional 58,867 shares in the last quarter. Westbourne Investment Advisors Inc. acquired a new position in shares of DNP Select Income Fund in the second quarter worth $673,000. Sowell Financial Services LLC purchased a new stake in shares of DNP Select Income Fund during the third quarter worth $2,211,000. Finally, Kingsview Wealth Management LLC raised its holdings in shares of DNP Select Income Fund by 33.0% during the second quarter. Kingsview Wealth Management LLC now owns 149,956 shares of the investment management company’s stock worth $1,468,000 after acquiring an additional 37,249 shares in the last quarter. 8.51% of the stock is owned by institutional investors and hedge funds.

DNP Select Income Fund Stock Up 0.1%

DNP opened at $10.16 on Friday. The business has a 50-day moving average of $10.03 and a 200-day moving average of $10.00. DNP Select Income Fund Inc. has a fifty-two week low of $8.69 and a fifty-two week high of $10.35.

DNP Select Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, April 10th. Investors of record on Tuesday, March 31st will be paid a $0.065 dividend. The ex-dividend date is Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 7.7%.

DNP Select Income Fund Profile

DNP Select Income Fund is a closed‐end management investment company listed on the New York Stock Exchange under the symbol DNP. The fund’s primary objective is to provide high current income and, as a secondary objective, capital appreciation by investing in income‐producing securities.

To pursue its objectives, DNP Select Income Fund allocates the majority of its assets to equity and equity‐related securities of energy infrastructure companies, with a particular focus on master limited partnerships (MLPs) in the midstream sector.