98,096 Shares in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. $DFP Acquired by Smith Asset Management Co. LLC

Smith Asset Management Co. LLC bought a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 98,096 shares of the company’s stock, valued at approximately $1,985,000. Flaherty & Crumrine Dynamic Preferred and Income Fund comprises approximately 1.9% of Smith Asset Management Co. LLC’s holdings, making the stock its 22nd biggest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Raymond James Financial Inc. lifted its position in 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 last quarter. LPL Financial LLC lifted its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 6.6% in the first quarter. LPL Financial LLC now owns 282,048 shares of the company’s stock valued at $5,709,000 after purchasing an additional 17,355 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 12.6% in the first quarter. Envestnet Asset Management Inc. now owns 67,694 shares of the company’s stock valued at $1,370,000 after purchasing an additional 7,586 shares during the last quarter. Revisor Wealth Management LLC lifted its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 174.0% in the first quarter. Revisor Wealth Management LLC now owns 66,686 shares of the company’s stock valued at $1,350,000 after purchasing an additional 42,347 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 29.6% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 59,389 shares of the company’s stock valued at $1,202,000 after purchasing an additional 13,564 shares during the last quarter.

Flaherty & Crumrine Dynamic Preferred and Income Fund Trading Up 0.1%

Shares of DFP stock opened at $21.29 on Tuesday. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a fifty-two week low of $18.20 and a fifty-two week high of $21.73. The stock has a 50 day moving average price of $20.81 and a two-hundred day moving average price of $20.30.

Flaherty & Crumrine Dynamic Preferred and Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 23rd will be issued a dividend of $0.1186 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend is Tuesday, September 23rd.

Flaherty & Crumrine Dynamic Preferred and Income Fund 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.