Kentucky Trust Co Buys Shares of 634,649 DNP Select Income Fund Inc. (NYSE:DNP)

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

A number of other large investors also recently bought and sold shares of the business. GPS Wealth Strategies Group LLC boosted its holdings in DNP Select Income Fund by 11.4% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 12,000 shares of the investment management company’s stock worth $106,000 after acquiring an additional 1,225 shares in the last quarter. OneDigital Investment Advisors LLC grew its position in DNP Select Income Fund by 11.2% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 12,508 shares of the investment management company’s stock worth $126,000 after purchasing an additional 1,263 shares during the last quarter. First Heartland Consultants Inc. increased its stake in DNP Select Income Fund by 0.5% during the 3rd quarter. First Heartland Consultants Inc. now owns 277,516 shares of the investment management company’s stock valued at $2,789,000 after purchasing an additional 1,363 shares in the last quarter. Stratos Wealth Advisors LLC increased its stake in DNP Select Income Fund by 0.7% during the 4th quarter. Stratos Wealth Advisors LLC now owns 240,976 shares of the investment management company’s stock valued at $2,125,000 after purchasing an additional 1,749 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in shares of DNP Select Income Fund by 62.8% in the fourth quarter. Geneos Wealth Management Inc. now owns 6,024 shares of the investment management company’s stock worth $53,000 after buying an additional 2,324 shares during the last quarter. Institutional investors own 8.51% of the company’s stock.

DNP Select Income Fund Price Performance

Shares of DNP opened at $9.48 on Wednesday. The company’s fifty day moving average price is $9.22 and its 200-day moving average price 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 company also recently disclosed a dividend, which was paid on Monday, February 10th. Stockholders 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.