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

HighTower Advisors LLC boosted its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) by 15.7% during the third quarter, Holdings Channel reports. The firm 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.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its position in shares of 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 buying an additional 1,197 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the second quarter valued at approximately $160,000. Aviance Capital Partners LLC purchased a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund in the third quarter worth $203,000. Concurrent Investment Advisors LLC boosted its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 53.2% in the second 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 in the last quarter. Finally, Wedbush Securities Inc. increased 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 valued at $354,000 after purchasing an additional 2,100 shares during the period.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Performance

Shares of NYSE DFP opened at $20.08 on Friday. The firm has a fifty day simple moving average of $20.55 and a two-hundred day simple moving average of $20.14. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a 12 month low of $17.75 and a 12 month high of $21.73.

Flaherty & Crumrine Dynamic Preferred and Income Fund Cuts Dividend

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

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.