Wedbush Securities Inc. Sells 3,000 Shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. $DFP

Wedbush Securities Inc. trimmed its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) by 22.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,600 shares of the company’s stock after selling 3,000 shares during the period. Wedbush Securities Inc.’s holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund were worth $218,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. boosted its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 1.6% in the first quarter. Raymond James Financial Inc. now owns 990,747 shares of the company’s stock valued at $20,053,000 after purchasing an additional 15,434 shares during the period. LPL Financial LLC increased its holdings 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 buying an additional 17,355 shares during the period. Shaker Financial Services LLC raised 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 purchasing an additional 56,988 shares during the last quarter. Smith Asset Management Co. LLC acquired a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund in the 1st quarter valued at about $1,985,000. Finally, Whipplewood Advisors LLC boosted its holdings in 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 in the last quarter.

Flaherty & Crumrine Dynamic Preferred and Income Fund Price Performance

Shares of Flaherty & Crumrine Dynamic Preferred and Income Fund stock opened at $21.50 on Friday. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a 12 month low of $18.20 and a 12 month high of $22.11. The business has a 50 day simple moving average of $21.64 and a two-hundred day simple moving average of $20.88.

Flaherty & Crumrine Dynamic Preferred and Income Fund Increases Dividend

The company 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. This is an increase from Flaherty & Crumrine Dynamic Preferred and Income Fund’s previous monthly dividend of $0.12. This represents a c) dividend on an annualized basis and a yield of 6.8%. The ex-dividend date is Thursday, November 20th.

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.