Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Position Increased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC increased its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) by 11.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,250 shares of the company’s stock after acquiring an additional 1,918 shares during the period. Concurrent Investment Advisors LLC’s holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund were worth $364,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. MeadowBrook Investment Advisors LLC raised its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 45.1% during the fourth quarter. MeadowBrook Investment Advisors LLC now owns 1,770 shares of the company’s stock worth $35,000 after acquiring an additional 550 shares in the last quarter. Westside Investment Management Inc. purchased a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the fourth quarter worth $33,000. Principal Securities Inc. raised its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 5.4% during the fourth quarter. Principal Securities Inc. now owns 34,478 shares of the company’s stock worth $687,000 after acquiring an additional 1,775 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the fourth quarter worth $78,000. Finally, HighTower Advisors LLC raised its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 15.7% during the third quarter. HighTower Advisors LLC now owns 29,542 shares of the company’s stock worth $635,000 after acquiring an additional 3,999 shares in the last quarter.

Flaherty & Crumrine Dynamic Preferred and Income Fund Price Performance

Flaherty & Crumrine Dynamic Preferred and Income Fund stock opened at $20.43 on Tuesday. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a one year low of $17.78 and a one year high of $21.73. The company’s fifty day moving average price is $20.31 and its two-hundred day moving average price is $20.52.

Flaherty & Crumrine Dynamic Preferred and Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 23rd will be given a dividend of $0.1151 per share. This represents a $1.38 annualized dividend and a yield of 6.76%. The ex-dividend date of this dividend is Wednesday, April 23rd.

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.