Closed End Fund Advisors Inc. Invests $936,000 in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. $DFP

Closed End Fund Advisors Inc. purchased a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 45,013 shares of the company’s stock, valued at approximately $936,000.

Several other hedge funds have also made changes to their positions in the business. NewEdge Advisors LLC lifted its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 3.0% during the second quarter. NewEdge Advisors LLC now owns 35,820 shares of the company’s stock worth $735,000 after purchasing an additional 1,048 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 6.7% during the second quarter. Cetera Investment Advisers now owns 22,151 shares of the company’s stock worth $455,000 after purchasing an additional 1,398 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 4.5% during the third quarter. Private Advisor Group LLC now owns 38,375 shares of the company’s stock worth $830,000 after purchasing an additional 1,663 shares in the last quarter. Level Four Advisory Services LLC raised its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 17.9% in the third quarter. Level Four Advisory Services LLC now owns 11,500 shares of the company’s stock valued at $249,000 after acquiring an additional 1,750 shares in the last quarter. Finally, Whipplewood Advisors LLC raised its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 2.2% in the third quarter. Whipplewood Advisors LLC now owns 96,089 shares of the company’s stock valued at $2,079,000 after acquiring an additional 2,104 shares in the last quarter.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Down 1.0%

Shares of NYSE:DFP opened at $20.16 on Friday. The firm’s 50 day moving average price is $20.63 and its 200 day moving average price is $20.99. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a fifty-two week low of $19.56 and a fifty-two week high of $22.11.

Flaherty & Crumrine Dynamic Preferred and Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 24th will be issued a $0.1295 dividend. The ex-dividend date of this dividend is Friday, July 24th. This represents a c) annualized dividend and a yield of 7.7%.

Flaherty & Crumrine Dynamic Preferred and Income Fund Company 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.