Steward Partners Investment Advisory LLC Buys 1,000 Shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP)

Steward Partners Investment Advisory LLC lifted its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) by 55.6% during the fourth quarter, HoldingsChannel reports. The firm owned 2,800 shares of the company’s stock after acquiring an additional 1,000 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund were worth $56,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. MeadowBrook Investment Advisors LLC raised its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 45.1% during the 4th quarter. MeadowBrook Investment Advisors LLC now owns 1,770 shares of the company’s stock worth $35,000 after purchasing an additional 550 shares in the last quarter. Westside Investment Management Inc. bought a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 4th quarter worth approximately $33,000. Principal Securities Inc. increased its holdings in shares of 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 acquiring an additional 1,775 shares during the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 11.7% during the 4th quarter. Concurrent Investment Advisors LLC now owns 18,250 shares of the company’s stock worth $364,000 after acquiring an additional 1,918 shares during the last quarter. Finally, Golden State Wealth Management LLC acquired a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 4th quarter worth approximately $78,000.

Flaherty & Crumrine Dynamic Preferred and Income Fund Price Performance

DFP stock opened at $20.46 on Wednesday. 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 business’s 50 day simple moving average is $20.41 and its 200 day simple moving average is $20.58.

Flaherty & Crumrine Dynamic Preferred and Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 23rd will be issued a dividend of $0.1151 per share. This represents a $1.38 dividend on an annualized basis and a dividend yield of 6.75%. The ex-dividend date is Wednesday, April 23rd.

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.