DNP Select Income Fund Inc. (NYSE:DNP) Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp lessened its position in DNP Select Income Fund Inc. (NYSE:DNP) by 62.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,000 shares of the investment management company’s stock after selling 9,880 shares during the period. Fifth Third Bancorp’s holdings in DNP Select Income Fund were worth $51,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of DNP. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new position in DNP Select Income Fund during the first quarter worth approximately $49,000. Bessemer Group Inc. acquired a new position in DNP Select Income Fund during the fourth quarter worth approximately $63,000. NBC Securities Inc. acquired a new position in DNP Select Income Fund during the third quarter worth approximately $65,000. Worth Asset Management LLC acquired a new position in DNP Select Income Fund during the first quarter worth approximately $94,000. Finally, JPMorgan Chase & Co. acquired a new position in DNP Select Income Fund during the fourth quarter worth approximately $106,000. Institutional investors and hedge funds own 8.51% of the company’s stock.

DNP Select Income Fund Stock Down 0.1 %

Shares of DNP stock opened at $8.98 on Thursday. DNP Select Income Fund Inc. has a one year low of $8.09 and a one year high of $11.18. The company has a 50 day moving average price of $8.89 and a 200 day moving average price of $8.96.

DNP Select Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, May 10th. Investors of record on Tuesday, April 30th will be given a dividend of $0.065 per share. This represents a $0.78 annualized dividend and a yield of 8.69%. The ex-dividend date of this dividend is Monday, April 29th.

DNP Select Income Fund 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.