Fiera Capital Corp Acquires Shares of 53,931 Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. $DFP

Fiera Capital Corp acquired a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 53,931 shares of the company’s stock, valued at approximately $1,167,000.

A number of other hedge funds have also modified their holdings of DFP. AlphaCore Capital LLC grew its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 13.9% during the 2nd quarter. AlphaCore Capital LLC now owns 39,483 shares of the company’s stock worth $811,000 after purchasing an additional 4,832 shares during the last quarter. Whipplewood Advisors LLC boosted its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 2,791.8% during the second quarter. Whipplewood Advisors LLC now owns 93,985 shares of the company’s stock worth $1,930,000 after buying an additional 90,735 shares during the period. Guggenheim Capital LLC grew its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 10.8% during the second quarter. Guggenheim Capital LLC now owns 345,568 shares of the company’s stock worth $7,095,000 after buying an additional 33,652 shares during the last quarter. Shaker Financial Services LLC grew its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 77.1% during the second quarter. Shaker Financial Services LLC now owns 130,860 shares of the company’s stock worth $2,687,000 after buying an additional 56,988 shares during the last quarter. Finally, Wolverine Asset Management LLC increased its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 464.1% in the 2nd quarter. Wolverine Asset Management LLC now owns 29,097 shares of the company’s stock valued at $597,000 after acquiring an additional 23,939 shares during the period.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Down 0.5%

Flaherty & Crumrine Dynamic Preferred and Income Fund stock opened at $21.86 on Friday. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a twelve month low of $18.20 and a twelve month high of $22.11. The stock has a 50 day moving average of $21.26 and a two-hundred day moving average of $21.31.

Flaherty & Crumrine Dynamic Preferred and Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 23rd will be given a $0.127 dividend. This represents a c) dividend on an annualized basis and a yield of 7.0%. The ex-dividend date is Thursday, April 23rd.

Flaherty & Crumrine Dynamic Preferred and Income Fund Company Profile

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.