Principal Securities Inc. Purchases 1,775 Shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP)

Principal Securities Inc. boosted its position in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) by 5.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,478 shares of the company’s stock after buying an additional 1,775 shares during the period. Principal Securities Inc.’s holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund were worth $687,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DFP. Kovitz Investment Group Partners LLC bought a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund in the 3rd quarter valued at about $4,911,000. International Assets Investment Management LLC increased its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 2,050.0% during the 3rd quarter. International Assets Investment Management LLC now owns 179,052 shares of the company’s stock worth $3,850,000 after purchasing an additional 170,724 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 138.4% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 45,825 shares of the company’s stock worth $914,000 after purchasing an additional 26,601 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund during the 4th quarter worth approximately $466,000. Finally, Raymond James & Associates increased its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 1.9% during 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 in the last quarter.

Flaherty & Crumrine Dynamic Preferred and Income Fund Price Performance

Shares of DFP opened at $20.68 on Friday. The stock has a 50 day moving average price of $20.32 and a two-hundred day moving average price of $20.49. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a 52 week low of $17.78 and a 52 week high of $21.73.

Flaherty & Crumrine Dynamic Preferred and Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 23rd will be paid a $0.1151 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $1.38 dividend on an annualized basis and a dividend yield of 6.68%.

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.