Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. $DFP Shares Bought by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. grew its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) by 24.7% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 218,689 shares of the company’s stock after buying an additional 43,356 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund were worth $4,520,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Cetera Investment Advisers raised its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 6.7% in the 2nd quarter. Cetera Investment Advisers now owns 22,151 shares of the company’s stock worth $455,000 after buying an additional 1,398 shares during the period. Invesco Ltd. boosted its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 3.1% in the second quarter. Invesco Ltd. now owns 310,380 shares of the company’s stock valued at $6,372,000 after acquiring an additional 9,360 shares during the last quarter. Baird Financial Group Inc. grew its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 40.6% during the second quarter. Baird Financial Group Inc. now owns 19,489 shares of the company’s stock valued at $400,000 after acquiring an additional 5,630 shares during the period. NewEdge Advisors LLC grew its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 3.0% during the second quarter. NewEdge Advisors LLC now owns 35,820 shares of the company’s stock valued at $735,000 after acquiring an additional 1,048 shares during the period. Finally, Raymond James Financial Inc. increased its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 9.3% during the second quarter. Raymond James Financial Inc. now owns 1,083,013 shares of the company’s stock worth $22,234,000 after acquiring an additional 92,266 shares during the last quarter.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Performance

Flaherty & Crumrine Dynamic Preferred and Income Fund stock opened at $20.79 on Monday. The stock’s 50-day moving average is $20.61 and its 200-day moving average is $20.87. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a 12 month low of $19.56 and a 12 month high of $22.11.

Flaherty & Crumrine Dynamic Preferred and Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 23rd will be given a dividend of $0.1314 per share. This represents a c) dividend on an annualized basis and a yield of 7.6%. The ex-dividend date of this dividend is Friday, October 23rd.

About Flaherty & Crumrine Dynamic Preferred and Income Fund

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.