Flaherty & Crumrine Dynamic Preferred and Income Fund (NYSE:DFP) Shares Down 0.2% – Here’s Why

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP)’s stock price traded down 0.2% during trading on Tuesday . The stock traded as low as $19.51 and last traded at $19.5780. 58,738 shares traded hands during trading, an increase of 5% from the average session volume of 55,789 shares. The stock had previously closed at $19.61.

Flaherty & Crumrine Dynamic Preferred and Income Fund Trading Down 0.2%

The business has a fifty day simple moving average of $20.49 and a 200 day simple moving average of $20.57.

Flaherty & Crumrine Dynamic Preferred and Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 23rd will be given a dividend of $0.1314 per share. This represents a c) annualized dividend and a dividend yield of 8.1%. The ex-dividend date is Friday, October 23rd.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Sit Investment Associates Inc. lifted its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 24.3% in the 4th quarter. Sit Investment Associates Inc. now owns 445,325 shares of the company’s stock valued at $9,258,000 after purchasing an additional 86,981 shares in the last quarter. Wedbush Securities Inc. grew its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 397.0% during the second quarter. Wedbush Securities Inc. now owns 63,120 shares of the company’s stock worth $1,013,000 after buying an additional 50,420 shares in the last quarter. Fiera Capital Corp grew its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 88.4% during the fourth quarter. Fiera Capital Corp now owns 101,601 shares of the company’s stock worth $2,112,000 after buying an additional 47,670 shares in the last quarter. Closed End Fund Advisors Inc. acquired a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund in the fourth quarter valued at about $936,000. Finally, Hennion & Walsh Asset Management Inc. raised its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 24.7% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 218,689 shares of the company’s stock valued at $4,520,000 after buying an additional 43,356 shares during the last quarter.

About Flaherty & Crumrine Dynamic Preferred and Income Fund

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.