US Bancorp DE Has $647,000 Stock Holdings in DNP Select Income Fund Inc. (NYSE:DNP)

US Bancorp DE decreased its stake in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 5.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 73,346 shares of the investment management company’s stock after selling 4,509 shares during the period. US Bancorp DE’s holdings in DNP Select Income Fund were worth $647,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Safe Harbor Fiduciary LLC purchased a new stake in DNP Select Income Fund during the third quarter valued at about $28,000. Crews Bank & Trust purchased a new stake in DNP Select Income Fund during the 4th quarter valued at about $29,000. UMB Bank n.a. purchased a new stake in DNP Select Income Fund in the 4th quarter worth approximately $34,000. Tandem Financial LLC purchased a new position in shares of DNP Select Income Fund in the 4th quarter valued at approximately $34,000. Finally, Golden State Wealth Management LLC bought a new position in DNP Select Income Fund during the 4th quarter valued at approximately $35,000. Institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Price Performance

DNP Select Income Fund stock opened at $9.48 on Wednesday. The stock has a fifty day simple moving average of $9.35 and a two-hundred day simple moving average of $9.45. DNP Select Income Fund Inc. has a 12 month low of $8.02 and a 12 month high of $10.04.

DNP Select Income Fund Announces Dividend

The firm also recently disclosed a dividend, which was paid on Monday, February 10th. Stockholders of record on Monday, February 3rd were given a $0.065 dividend. The ex-dividend date was Friday, January 31st. This represents a dividend yield of 8.24%.

Insider Transactions at DNP Select Income Fund

In other news, Director Geraldine M. Mcnamara sold 11,391 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $9.41, for a total transaction of $107,189.31. Following the transaction, the director now owns 5,344 shares of the company’s stock, valued at approximately $50,287.04. This represents a 68.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.06% of the company’s stock.

DNP Select Income Fund Company 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.