Whipplewood Advisors LLC Makes New Investment in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP)

Whipplewood Advisors LLC acquired a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 140,478 shares of the company’s stock, valued at approximately $2,801,000. Flaherty & Crumrine Dynamic Preferred and Income Fund comprises approximately 1.6% of Whipplewood Advisors LLC’s investment portfolio, making the stock its 11th largest position.

Several other large investors also recently modified their holdings of DFP. Kovitz Investment Group Partners LLC bought a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the third quarter worth approximately $4,911,000. International Assets Investment Management LLC increased its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 2,050.0% during the 3rd quarter. International Assets Investment Management LLC now owns 179,052 shares of the company’s stock worth $3,850,000 after buying an additional 170,724 shares during the period. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 138.4% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 45,825 shares of the company’s stock worth $914,000 after buying an additional 26,601 shares in the last quarter. Principal Securities Inc. boosted its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 5.4% in the fourth quarter. Principal Securities Inc. now owns 34,478 shares of the company’s stock valued at $687,000 after acquiring an additional 1,775 shares during the period. Finally, HighTower Advisors LLC grew its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 15.7% in the third quarter. HighTower Advisors LLC now owns 29,542 shares of the company’s stock valued at $635,000 after acquiring an additional 3,999 shares in the last quarter.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Down 0.4 %

NYSE:DFP opened at $20.45 on Thursday. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a 52 week low of $17.78 and a 52 week high of $21.73. The firm’s 50-day simple moving average is $20.33 and its 200 day simple moving average is $20.52.

Flaherty & Crumrine Dynamic Preferred and Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 23rd will be given a $0.1151 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $1.38 dividend on an annualized basis and a dividend yield of 6.76%.

Flaherty & Crumrine Dynamic Preferred and Income Fund Company 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.