HighTower Advisors LLC Acquires 3,999 Shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP)

HighTower Advisors LLC grew its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) by 15.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 29,542 shares of the company’s stock after acquiring an additional 3,999 shares during the quarter. HighTower Advisors LLC’s holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund were worth $635,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in DFP. Northwestern Mutual Wealth Management Co. raised its position 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. International Assets Investment Management LLC purchased a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund in the second quarter worth about $160,000. Aviance Capital Partners LLC bought a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund in the 3rd quarter valued at about $203,000. Concurrent Investment Advisors LLC boosted its holdings 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 acquiring an additional 5,351 shares during the period. Finally, Wedbush Securities Inc. grew its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 12.8% during the 2nd quarter. Wedbush Securities Inc. now owns 18,450 shares of the company’s stock worth $354,000 after acquiring an additional 2,100 shares during the last quarter.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Down 0.0 %

Shares of Flaherty & Crumrine Dynamic Preferred and Income Fund stock opened at $20.08 on Friday. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a one year low of $17.75 and a one year high of $21.73. The business’s 50 day simple moving average is $20.55 and its two-hundred day simple moving average is $20.14.

Flaherty & Crumrine Dynamic Preferred and Income Fund Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 23rd will be paid a $0.032 dividend. This represents a $0.38 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Monday, December 23rd.

About Flaherty & Crumrine Dynamic Preferred and Income Fund

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.