Wesbanco Bank Inc. Trims Stock Holdings in DNP Select Income Fund Inc. (NYSE:DNP)

Posted by Mitch Edgeman on Jan 25th, 2025

Wesbanco Bank Inc. trimmed its holdings in DNP Select Income Fund Inc. (NYSE:DNP – Free Report) by 28.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,489 shares of the investment management company’s stock after selling 8,456 shares during the period. Wesbanco Bank Inc.’s holdings in DNP Select Income Fund were worth $190,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Safe Harbor Fiduciary LLC purchased a new position in DNP Select Income Fund in the 3rd quarter valued at approximately $28,000. UMB Bank n.a. purchased a new position in DNP Select Income Fund in the 4th quarter valued at approximately $34,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in DNP Select Income Fund in the 3rd quarter valued at approximately $44,000. Future Financial Wealth Managment LLC purchased a new position in DNP Select Income Fund in the 3rd quarter valued at approximately $50,000. Finally, Larson Financial Group LLC purchased a new position in DNP Select Income Fund in the 3rd quarter valued at approximately $54,000. 8.51% of the stock is currently owned by hedge funds and other institutional investors.

DNP Select Income Fund Trading Up 0.5 %

DNP Select Income Fund stock opened at $9.29 on Friday. DNP Select Income Fund Inc. has a 1-year low of $8.02 and a 1-year high of $10.04. The firm has a 50 day simple moving average of $9.25 and a 200 day simple moving average of $9.31.

DNP Select Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 31st will be given a dividend of $0.065 per share. The ex-dividend date is Friday, January 31st. This represents a $0.78 dividend on an annualized basis and a dividend yield of 8.40%.

DNP Select Income Fund Profile

(Free Report)

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.