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

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

Other institutional investors also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund in the fourth quarter worth about $154,000. Fiduciary Alliance LLC bought a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 4th quarter valued at approximately $206,000. Kovitz Investment Group Partners LLC purchased a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund in the 3rd quarter worth approximately $4,911,000. HighTower Advisors LLC raised its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 15.7% during the 3rd quarter. HighTower Advisors LLC now owns 29,542 shares of the company’s stock worth $635,000 after acquiring an additional 3,999 shares during the period. Finally, Aviance Capital Partners LLC purchased a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund during the third quarter valued at approximately $203,000.

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

DFP opened at $20.42 on Monday. The company has a 50 day simple moving average of $20.30 and a two-hundred day simple moving average of $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 declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 24th will be paid a $0.032 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $0.38 dividend on an annualized basis and a yield of 1.88%.

Flaherty & Crumrine Dynamic Preferred and Income Fund 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.