Private Advisor Group LLC Decreases Holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP)

Private Advisor Group LLC trimmed its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) by 20.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,442 shares of the company’s stock after selling 9,495 shares during the period. Private Advisor Group LLC’s holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund were worth $784,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. International Assets Investment Management LLC purchased a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 2nd quarter valued at about $160,000. Northwestern Mutual Wealth Management Co. increased its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 22.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,575 shares of the company’s stock worth $126,000 after purchasing an additional 1,197 shares during the period. Shaker Financial Services LLC increased its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 0.8% in the 2nd quarter. Shaker Financial Services LLC now owns 79,008 shares of the company’s stock worth $1,517,000 after purchasing an additional 629 shares during the period. Concurrent Investment Advisors LLC increased its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 53.2% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 15,411 shares of the company’s stock worth $296,000 after purchasing an additional 5,351 shares during the period. Finally, Raymond James & Associates increased its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 1.9% in the 3rd quarter. Raymond James & Associates now owns 745,709 shares of the company’s stock worth $16,033,000 after purchasing an additional 13,668 shares during the period.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Down 0.5 %

Shares of Flaherty & Crumrine Dynamic Preferred and Income Fund stock opened at $20.27 on Friday. The business’s 50 day simple moving average is $20.92 and its two-hundred day simple moving average is $19.67. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a one year low of $16.17 and a one year high of $21.73.

Flaherty & Crumrine Dynamic Preferred and Income Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be paid a $0.1151 dividend. This is a boost from Flaherty & Crumrine Dynamic Preferred and Income Fund’s previous monthly dividend of $0.11. This represents a $1.38 dividend on an annualized basis and a yield of 6.81%. The ex-dividend date is Thursday, November 21st.

Flaherty & Crumrine Dynamic Preferred and Income Fund Company 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.