Wedbush Securities Inc. Boosts Position in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. $DFP

Wedbush Securities Inc. raised its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) by 397.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,120 shares of the company’s stock after buying an additional 50,420 shares during the period. Wedbush Securities Inc.’s holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund were worth $1,013,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of DFP. Corient Private Wealth LLC purchased a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund in the 4th quarter valued at $602,000. Sit Investment Associates Inc. boosted its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 24.3% during the 4th quarter. Sit Investment Associates Inc. now owns 445,325 shares of the company’s stock worth $9,258,000 after purchasing an additional 86,981 shares during the period. 1607 Capital Partners LLC increased its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 34.6% in the 4th quarter. 1607 Capital Partners LLC now owns 107,017 shares of the company’s stock valued at $2,225,000 after purchasing an additional 27,517 shares in the last quarter. Fiera Capital Corp increased its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 88.4% in the 4th quarter. Fiera Capital Corp now owns 101,601 shares of the company’s stock valued at $2,112,000 after purchasing an additional 47,670 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 24.7% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 218,689 shares of the company’s stock valued at $4,520,000 after purchasing an additional 43,356 shares during the period.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Performance

Shares of DFP opened at $20.53 on Tuesday. The stock’s 50-day moving average is $20.73 and its two-hundred day moving average is $20.79. 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 business also recently announced a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 23rd will be issued a dividend of $0.1314 per share. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date is Friday, October 23rd.

Flaherty & Crumrine Dynamic Preferred and Income Fund 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.