Flaherty & Crumrine Dynamic Preferred and Income Fund (NYSE:DFP) Trading Up 0.4% – Here’s What Happened

by · The Cerbat Gem

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP – Get Free Report)’s stock price rose 0.4% on Tuesday . The company traded as high as $21.58 and last traded at $21.5560. Approximately 121,547 shares were traded during mid-day trading, an increase of 104% from the average daily volume of 59,465 shares. The stock had previously closed at $21.46.

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

The business’s fifty day moving average is $21.07 and its 200-day moving average is $21.21.

Flaherty & Crumrine Dynamic Preferred and Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 23rd will be given a $0.127 dividend. The ex-dividend date of this dividend is Thursday, April 23rd. This represents a c) annualized dividend and a dividend yield of 7.1%.

Institutional Trading of Flaherty & Crumrine Dynamic Preferred and Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Concurrent Investment Advisors LLC increased its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 2.1% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 27,062 shares of the company’s stock worth $556,000 after acquiring an additional 544 shares during the last quarter. Samalin Investment Counsel LLC grew its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 1.3% during the third quarter. Samalin Investment Counsel LLC now owns 45,675 shares of the company’s stock worth $988,000 after purchasing an additional 604 shares in the last quarter. Allworth Financial LP grew its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 89.7% during the second quarter. Allworth Financial LP now owns 1,480 shares of the company’s stock worth $30,000 after purchasing an additional 700 shares in the last quarter. Smith Asset Management Co. LLC increased its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 1.0% in the third quarter. Smith Asset Management Co. LLC now owns 101,043 shares of the company’s stock worth $2,187,000 after purchasing an additional 954 shares during the last quarter. Finally, NewEdge Advisors LLC raised its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 3.0% in the second quarter. NewEdge Advisors LLC now owns 35,820 shares of the company’s stock valued at $735,000 after purchasing an additional 1,048 shares in the last quarter.

About Flaherty & Crumrine Dynamic Preferred and Income Fund

(Get Free Report)

Flaherty & Crumrine Dynamic Preferred and Income Fund (NYSE: DFP) is a closed-end management investment company that seeks to provide current income and total return primarily through investments in preferred securities. The fund pursues a dynamic approach, adjusting portfolio duration and credit exposure in response to changing market conditions in order to enhance yield and manage risk. Its flexible mandate also allows allocations to common stocks, convertible securities and select debt instruments when opportunistic.

DFP’s portfolio generally comprises U.S.

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