Commonwealth Equity Services LLC Sells 1,841 Shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP)

Commonwealth Equity Services LLC reduced its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) by 3.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 54,323 shares of the company’s stock after selling 1,841 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund were worth $1,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. HighTower Advisors LLC raised its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 15.7% in the 3rd quarter. HighTower Advisors LLC now owns 29,542 shares of the company’s stock worth $635,000 after buying an additional 3,999 shares during the last quarter. Principal Securities Inc. raised its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 5.4% during the fourth quarter. Principal Securities Inc. now owns 34,478 shares of the company’s stock valued at $687,000 after purchasing an additional 1,775 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 55.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,800 shares of the company’s stock valued at $56,000 after purchasing an additional 1,000 shares during the period. Raymond James Financial Inc. bought a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund during the fourth quarter valued at approximately $19,448,000. Finally, Janney Montgomery Scott LLC purchased a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund in the fourth quarter worth approximately $466,000.

Flaherty & Crumrine Dynamic Preferred and Income Fund Trading Down 0.4 %

Shares of DFP opened at $20.21 on Tuesday. The firm has a fifty day simple moving average of $20.44 and a two-hundred day simple moving average of $20.56. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a 1-year low of $17.78 and a 1-year high of $21.73.

Flaherty & Crumrine Dynamic Preferred and Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 23rd will be given a dividend of $0.1151 per share. This represents a $1.38 dividend on an annualized basis and a yield of 6.83%. The ex-dividend date is Wednesday, April 23rd.

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.