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

Truist Financial Corp raised its holdings in DNP Select Income Fund Inc. (NYSE:DNP) by 18.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 90,605 shares of the investment management company’s stock after acquiring an additional 14,434 shares during the quarter. Truist Financial Corp’s holdings in DNP Select Income Fund were worth $745,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in DNP. EdgeRock Capital LLC acquired a new stake in shares of DNP Select Income Fund in the second quarter valued at about $49,000. Benjamin F. Edwards & Company Inc. boosted its stake in shares of DNP Select Income Fund by 13.5% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 9,647 shares of the investment management company’s stock worth $79,000 after acquiring an additional 1,150 shares in the last quarter. Saxon Interests Inc. acquired a new stake in shares of DNP Select Income Fund in the 2nd quarter worth approximately $82,000. GEM Asset Management LLC purchased a new position in DNP Select Income Fund in the 2nd quarter valued at approximately $83,000. Finally, SYM FINANCIAL Corp acquired a new position in DNP Select Income Fund during the second quarter worth $93,000. 8.51% of the stock is currently owned by hedge funds and other institutional investors.

DNP Select Income Fund Price Performance

DNP Select Income Fund stock opened at $9.73 on Tuesday. DNP Select Income Fund Inc. has a fifty-two week low of $8.02 and a fifty-two week high of $10.04. The stock’s fifty day moving average is $9.52 and its two-hundred day moving average is $8.96.

DNP Select Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be issued a dividend of $0.065 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.78 annualized dividend and a yield of 8.02%.

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.