Stock Yards Bank & Trust Co. Cuts Stock Position in DNP Select Income Fund Inc. (NYSE:DNP)

Stock Yards Bank & Trust Co. cut its holdings in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 18.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 99,911 shares of the investment management company’s stock after selling 22,014 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in DNP Select Income Fund were worth $1,003,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Wealthquest Corp bought a new position in DNP Select Income Fund during the third quarter valued at about $180,000. Barclays PLC purchased a new position in DNP Select Income Fund in the third quarter valued at about $1,205,000. Stifel Financial Corp grew its position in shares of DNP Select Income Fund by 9.4% during the 3rd quarter. Stifel Financial Corp now owns 64,144 shares of the investment management company’s stock valued at $644,000 after acquiring an additional 5,524 shares during the period. Safe Harbor Fiduciary LLC purchased a new stake in shares of DNP Select Income Fund during the 3rd quarter worth approximately $28,000. Finally, IHT Wealth Management LLC raised its holdings in shares of DNP Select Income Fund by 257.6% in the 3rd quarter. IHT Wealth Management LLC now owns 425,789 shares of the investment management company’s stock worth $4,275,000 after purchasing an additional 306,712 shares during the period. 8.51% of the stock is currently owned by institutional investors.

DNP Select Income Fund Trading Down 0.6 %

DNP Select Income Fund stock opened at $9.28 on Friday. The business’s 50 day simple moving average is $9.50 and its 200 day simple moving average is $9.15. 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 Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, November 12th. Stockholders of record on Friday, November 1st were paid a dividend of $0.065 per share. The ex-dividend date was Thursday, October 31st. This represents a dividend yield of 8.15%.

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.