Flaherty & Crumrine Dynamic Preferred and Income Fund (NYSE:DFP) Trading Down 0.1% – Here’s What Happened

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) shares were down 0.1% during trading on Monday . The company traded as low as $20.48 and last traded at $20.53. 51,286 shares traded hands during trading, a decline of 2% from the average daily volume of 52,568 shares. The stock had previously closed at $20.55.

Flaherty & Crumrine Dynamic Preferred and Income Fund Price Performance

The company has a 50-day simple moving average of $20.73 and a two-hundred day simple moving average of $20.79.

Flaherty & Crumrine Dynamic Preferred and Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 23rd will be paid a dividend of $0.1314 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date is Friday, October 23rd.

Hedge Funds Weigh In On Flaherty & Crumrine Dynamic Preferred and Income Fund

Several institutional investors have recently added to or reduced their stakes in DFP. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund in the second quarter worth about $36,000. Triumph Capital Management purchased a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 3rd quarter worth approximately $92,000. AdvisorNet Financial Inc increased its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 24.0% during the 1st quarter. AdvisorNet Financial Inc now owns 5,272 shares of the company’s stock worth $106,000 after purchasing an additional 1,022 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 4th quarter worth approximately $141,000. Finally, Kestra Advisory Services LLC bought a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund in the 4th quarter worth approximately $158,000.

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.