Kentucky Trust Co Purchases New Position in DNP Select Income Fund Inc. (NYSE:DNP)

Kentucky Trust Co acquired a new stake in DNP Select Income Fund Inc. (NYSE:DNP) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 634,649 shares of the investment management company’s stock, valued at approximately $5,598,000. DNP Select Income Fund accounts for approximately 3.3% of Kentucky Trust Co’s investment portfolio, making the stock its 4th largest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Safe Harbor Fiduciary LLC purchased a new stake in shares of DNP Select Income Fund during the third quarter worth approximately $28,000. Crews Bank & Trust acquired a new stake in shares of DNP Select Income Fund in the fourth quarter valued at about $29,000. UMB Bank n.a. purchased a new position in shares of DNP Select Income Fund in the fourth quarter worth about $34,000. Tandem Financial LLC purchased a new stake in DNP Select Income Fund during the 4th quarter valued at about $34,000. Finally, Golden State Wealth Management LLC acquired a new stake in DNP Select Income Fund in the 4th quarter valued at about $35,000. 8.51% of the stock is currently owned by hedge funds and other institutional investors.

DNP Select Income Fund Stock Performance

Shares of DNP Select Income Fund stock opened at $9.48 on Wednesday. The stock’s 50 day simple moving average is $9.22 and its 200-day simple moving average is $9.39. DNP Select Income Fund Inc. has a 1-year low of $8.02 and a 1-year high of $10.04.

DNP Select Income Fund Dividend Announcement

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

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.