Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. $DFP Stock Position Raised by Sit Investment Associates Inc.

Sit Investment Associates Inc. lifted its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) by 24.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 445,325 shares of the company’s stock after purchasing an additional 86,981 shares during the quarter. Sit Investment Associates Inc.’s holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund were worth $9,258,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Triumph Capital Management acquired a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund in the third quarter valued at approximately $92,000. International Assets Investment Management LLC bought a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund during the 4th quarter valued at $141,000. Kestra Advisory Services LLC acquired a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 4th quarter valued at $158,000. Stance Capital LLC acquired a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 3rd quarter valued at $182,000. Finally, MGB Wealth Management LLC bought a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund in the 3rd quarter worth $216,000.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Performance

Shares of Flaherty & Crumrine Dynamic Preferred and Income Fund stock opened at $20.43 on Friday. The business has a fifty day simple moving average of $20.67 and a 200-day simple moving average of $20.93. 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 Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 24th will be given a $0.1295 dividend. The ex-dividend date is Friday, July 24th. This represents a c) annualized dividend and a yield of 7.6%.

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.