Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. $DFP Shares Purchased by Whipplewood Advisors LLC

Whipplewood Advisors LLC increased its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) by 2,791.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 93,985 shares of the company’s stock after acquiring an additional 90,735 shares during the period. Flaherty & Crumrine Dynamic Preferred and Income Fund makes up about 1.1% of Whipplewood Advisors LLC’s investment portfolio, making the stock its 20th largest position. Whipplewood Advisors LLC’s holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund were worth $1,930,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of DFP. Janney Montgomery Scott LLC increased its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 2.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 23,956 shares of the company’s stock worth $485,000 after purchasing an additional 604 shares in the last quarter. Cetera Investment Advisers increased its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 4.4% in the 1st quarter. Cetera Investment Advisers now owns 20,753 shares of the company’s stock worth $420,000 after purchasing an additional 875 shares in the last quarter. LPL Financial LLC increased its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 6.6% in the 1st quarter. LPL Financial LLC now owns 282,048 shares of the company’s stock worth $5,709,000 after purchasing an additional 17,355 shares in the last quarter. Raymond James Financial Inc. increased its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 1.6% in the 1st quarter. Raymond James Financial Inc. now owns 990,747 shares of the company’s stock worth $20,053,000 after purchasing an additional 15,434 shares in the last quarter. Finally, Catalina Capital Group LLC purchased a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund in the 2nd quarter worth about $286,000.

Flaherty & Crumrine Dynamic Preferred and Income Fund Price Performance

Shares of DFP opened at $21.36 on Friday. The business’s 50-day moving average price is $21.42 and its 200 day moving average price is $20.65. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a 1-year low of $18.20 and a 1-year high of $22.11.

Flaherty & Crumrine Dynamic Preferred and Income Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 28th. Investors of record on Thursday, November 20th will be paid a $0.1223 dividend. The ex-dividend date of this dividend is Thursday, November 20th. This represents a c) dividend on an annualized basis and a yield of 6.9%. This is an increase from Flaherty & Crumrine Dynamic Preferred and Income Fund’s previous monthly dividend of $0.12.

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.