Private Advisor Group LLC Sells 9,495 Shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP)

Private Advisor Group LLC reduced its holdings in 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 13F filing with the SEC. The fund owned 36,442 shares of the company’s stock after selling 9,495 shares during the quarter. Private Advisor Group LLC’s holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund were worth $784,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Shaker Financial Services LLC boosted its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 0.8% during the second quarter. Shaker Financial Services LLC now owns 79,008 shares of the company’s stock valued at $1,517,000 after purchasing an additional 629 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 22.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,575 shares of the company’s stock valued at $126,000 after purchasing an additional 1,197 shares in the last quarter. Wedbush Securities Inc. boosted its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 12.8% during the second quarter. Wedbush Securities Inc. now owns 18,450 shares of the company’s stock valued at $354,000 after purchasing an additional 2,100 shares in the last quarter. Pathway Financial Advisers LLC bought a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the first quarter valued at approximately $60,000. Finally, Concurrent Investment Advisors LLC boosted its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 53.2% during the second quarter. Concurrent Investment Advisors LLC now owns 15,411 shares of the company’s stock valued at $296,000 after purchasing an additional 5,351 shares in the last quarter.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Performance

NYSE DFP opened at $20.27 on Friday. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a twelve month low of $16.17 and a twelve month high of $21.73. The stock’s 50 day moving average is $20.92 and its 200 day moving average is $19.67.

Flaherty & Crumrine Dynamic Preferred and Income Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 21st will be given a dividend of $0.1151 per share. The ex-dividend date of this dividend is Thursday, November 21st. This is a positive change from Flaherty & Crumrine Dynamic Preferred and Income Fund’s previous monthly dividend of $0.11. This represents a $1.38 annualized dividend and a dividend 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.