Hennion & Walsh Asset Management Inc. Buys 26,601 Shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP)

Hennion & Walsh Asset Management Inc. lifted its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) by 138.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 45,825 shares of the company’s stock after buying an additional 26,601 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund were worth $914,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 22.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,575 shares of the company’s stock worth $126,000 after acquiring an additional 1,197 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the fourth quarter valued at approximately $154,000. Aviance Capital Partners LLC purchased a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund in the third quarter worth $203,000. Fiduciary Alliance LLC bought a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund in the fourth quarter worth $206,000. Finally, Concurrent Investment Advisors LLC lifted its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 6.0% during the third quarter. Concurrent Investment Advisors LLC now owns 16,332 shares of the company’s stock valued at $351,000 after buying an additional 921 shares during the period.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Up 0.2 %

NYSE:DFP opened at $20.42 on Monday. The firm’s 50-day moving average price is $20.30 and its 200-day moving average price is $20.34. 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 Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 24th will be paid a dividend of $0.032 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date is Friday, January 24th.

About Flaherty & Crumrine Dynamic Preferred and Income Fund

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.