Private Advisor Group LLC Buys 2,191 Shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP)

Private Advisor Group LLC increased its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) by 5.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,937 shares of the company’s stock after acquiring an additional 2,191 shares during the period. Private Advisor Group LLC’s holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund were worth $882,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of DFP. Pathway Financial Advisers LLC bought a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund during the 1st quarter valued at approximately $60,000. International Assets Investment Management LLC bought a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund during the 2nd quarter valued at approximately $160,000. Concurrent Investment Advisors LLC raised its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 53.2% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 15,411 shares of the company’s stock valued at $296,000 after purchasing an additional 5,351 shares during the last quarter. Flow State Investments L.P. bought a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund during the 4th quarter valued at approximately $466,000. Finally, Cambridge Investment Research Advisors Inc. raised its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 6.4% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 82,165 shares of the company’s stock valued at $1,458,000 after purchasing an additional 4,907 shares during the last quarter.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Up 0.4 %

DFP opened at $21.34 on Tuesday. The business has a 50 day simple moving average of $19.89 and a two-hundred day simple moving average of $19.13. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a one year low of $15.45 and a one year high of $21.36.

Flaherty & Crumrine Dynamic Preferred and Income Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 23rd will be issued a dividend of $0.1122 per share. This is an increase from Flaherty & Crumrine Dynamic Preferred and Income Fund’s previous monthly dividend of $0.11. The ex-dividend date is Monday, September 23rd. This represents a $1.35 dividend on an annualized basis and a dividend yield of 6.31%.

Flaherty & Crumrine Dynamic Preferred and Income Fund Profile

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc is a closed ended balanced mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity and fixed income markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors.