US Bancorp DE Has $782,000 Stock Position in DNP Select Income Fund Inc. (NYSE:DNP)

US Bancorp DE lifted its stake in DNP Select Income Fund Inc. (NYSE:DNP) by 5.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 77,855 shares of the investment management company’s stock after acquiring an additional 3,809 shares during the period. US Bancorp DE’s holdings in DNP Select Income Fund were worth $782,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of DNP Select Income Fund in the third quarter worth $44,000. EdgeRock Capital LLC acquired a new stake in shares of DNP Select Income Fund in the second quarter worth $49,000. Future Financial Wealth Managment LLC acquired a new stake in shares of DNP Select Income Fund in the third quarter worth $50,000. Benjamin F. Edwards & Company Inc. grew its stake in shares of DNP Select Income Fund by 13.5% in the second 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 during the last quarter. Finally, Saxon Interests Inc. acquired a new stake in shares of DNP Select Income Fund in the second quarter worth $82,000. Institutional investors and hedge funds own 8.51% of the company’s stock.

DNP Select Income Fund Stock Up 0.9 %

Shares of DNP stock opened at $9.35 on Friday. DNP Select Income Fund Inc. has a one year low of $8.02 and a one year high of $10.04. The stock has a fifty day moving average price of $9.66 and a 200 day moving average price of $9.04.

DNP Select Income Fund Announces Dividend

The company also recently announced a dividend, which will be paid on Tuesday, November 12th. Investors of record on Friday, November 1st will be given a $0.065 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a yield of 8.15%.

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.