Bank of America Corp DE Has $8.24 Million Holdings in DNP Select Income Fund Inc. (NYSE:DNP)

Bank of America Corp DE raised its position in shares of DNP Select Income Fund Inc. (NYSE:DNP - Free Report) by 7.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 934,015 shares of the investment management company's stock after purchasing an additional 66,548 shares during the period. Bank of America Corp DE owned approximately 0.25% of DNP Select Income Fund worth $8,238,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. bought a new stake in shares of DNP Select Income Fund during the fourth quarter worth $34,000. RFG Advisory LLC increased its holdings in DNP Select Income Fund by 104.5% in the fourth quarter. RFG Advisory LLC now owns 26,984 shares of the investment management company's stock valued at $238,000 after purchasing an additional 13,789 shares during the period. Fifth Third Bancorp increased its holdings in DNP Select Income Fund by 84.7% in the fourth quarter. Fifth Third Bancorp now owns 10,033 shares of the investment management company's stock valued at $88,000 after purchasing an additional 4,600 shares during the period. Geneos Wealth Management Inc. increased its holdings in 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 valued at $53,000 after purchasing an additional 2,324 shares during the period. Finally, PFG Investments LLC increased its holdings in DNP Select Income Fund by 5.2% in the fourth quarter. PFG Investments LLC now owns 55,215 shares of the investment management company's stock valued at $487,000 after purchasing an additional 2,730 shares during the period. 8.51% of the stock is currently owned by institutional investors and hedge funds.

DNP Select Income Fund Stock Performance

NYSE DNP traded down $0.04 on Wednesday, reaching $9.71. The company had a trading volume of 587,620 shares, compared to its average volume of 678,835. DNP Select Income Fund Inc. has a fifty-two week low of $8.02 and a fifty-two week high of $10.04. The business has a 50 day moving average of $9.56 and a two-hundred day moving average of $9.41.

DNP Select Income Fund Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, June 2nd will be issued a $0.065 dividend. The ex-dividend date is Friday, May 30th. This represents a yield of 8%.

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.