Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC cut its position in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) by 11.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,249 shares of the company’s stock after selling 3,293 shares during the quarter. HighTower Advisors LLC’s holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund were worth $523,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of DFP. Raymond James Financial Inc. purchased a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund in the 4th quarter valued at approximately $19,448,000. Kovitz Investment Group Partners LLC purchased a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund in the third quarter valued at $4,911,000. Whipplewood Advisors LLC purchased a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund in the fourth quarter valued at $2,801,000. Hennion & Walsh Asset Management Inc. grew its stake 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. Finally, Principal Securities Inc. increased its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 5.4% during the 4th quarter. Principal Securities Inc. now owns 34,478 shares of the company’s stock worth $687,000 after purchasing an additional 1,775 shares during the period.

Flaherty & Crumrine Dynamic Preferred and Income Fund Trading Up 0.0 %

Shares of DFP opened at $20.27 on Monday. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a 1 year low of $17.78 and a 1 year high of $21.73. The stock has a 50-day simple moving average of $20.44 and a 200-day simple moving average of $20.56.

Flaherty & Crumrine Dynamic Preferred and Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Investors 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 yield of 6.81%.

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.