Fiduciary Alliance LLC Takes $206,000 Position in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP)

Fiduciary Alliance LLC acquired a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) during the 4th quarter, Holdings Channel.com reports. The firm acquired 10,350 shares of the company’s stock, valued at approximately $206,000.

A number of other hedge funds have also recently added to or reduced their stakes in DFP. Raymond James & Associates lifted its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 1.9% in the 3rd quarter. Raymond James & Associates now owns 745,709 shares of the company’s stock worth $16,033,000 after buying an additional 13,668 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund during the third quarter worth about $4,911,000. International Assets Investment Management LLC lifted its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 2,050.0% in the third quarter. International Assets Investment Management LLC now owns 179,052 shares of the company’s stock worth $3,850,000 after acquiring an additional 170,724 shares during the last quarter. Private Advisor Group LLC boosted its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 5.0% in the second quarter. Private Advisor Group LLC now owns 45,937 shares of the company’s stock valued at $882,000 after acquiring an additional 2,191 shares during the period. Finally, HighTower Advisors LLC grew its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 15.7% during the third quarter. HighTower Advisors LLC now owns 29,542 shares of the company’s stock valued at $635,000 after purchasing an additional 3,999 shares during the last quarter.

Flaherty & Crumrine Dynamic Preferred and Income Fund Trading Up 0.7 %

Shares of Flaherty & Crumrine Dynamic Preferred and Income Fund stock opened at $20.03 on Wednesday. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a twelve month low of $17.78 and a twelve month high of $21.73. The business’s 50 day simple moving average is $20.32 and its 200-day simple moving average is $20.31.

Flaherty & Crumrine Dynamic Preferred and Income Fund Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 24th will be given a $0.032 dividend. This represents a $0.38 annualized dividend and a yield of 1.92%. 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.