Flaherty & Crumrine Dynamic Preferred and Income Fund (NYSE:DFP) Trading 0.4% Higher – Should You Buy?

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) traded up 0.4% on Friday . The company traded as high as $20.46 and last traded at $20.38. 60,175 shares were traded during trading, an increase of 15% from the average session volume of 52,324 shares. The stock had previously closed at $20.30.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Performance

The stock has a 50 day moving average price of $20.66 and a two-hundred day moving average price of $21.07.

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. Stockholders of record on Friday, July 24th will be paid a dividend of $0.1295 per share. The ex-dividend date is Friday, July 24th. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%.

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

A number of large investors have recently made changes to their positions in DFP. Triumph Capital Management bought a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund during the 3rd quarter worth $92,000. Atlantic Union Bankshares Corp bought a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund during the 3rd quarter worth $97,000. AdvisorNet Financial Inc increased its stake in 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 acquiring an additional 1,022 shares during the period. International Assets Investment Management LLC bought a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund during the 4th quarter worth $141,000. Finally, Kestra Advisory Services LLC bought a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund during the 4th quarter worth $158,000.

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.