1607 Capital Partners LLC Acquires 27,517 Shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. $DFP

1607 Capital Partners LLC raised its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFPFree Report) by 34.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 107,017 shares of the company’s stock after acquiring an additional 27,517 shares during the quarter. 1607 Capital Partners LLC’s holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund were worth $2,225,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of DFP. Raymond James Financial Inc. grew its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 18.3% during the third quarter. Raymond James Financial Inc. now owns 1,281,510 shares of the company’s stock valued at $27,732,000 after purchasing an additional 198,497 shares in the last quarter. Invesco Ltd. grew its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 4.6% during the third quarter. Invesco Ltd. now owns 324,801 shares of the company’s stock valued at $7,029,000 after purchasing an additional 14,421 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 29.8% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 158,315 shares of the company’s stock valued at $3,291,000 after purchasing an additional 36,304 shares in the last quarter. Focus Partners Wealth purchased a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the fourth quarter valued at about $3,093,000. Finally, Fiera Capital Corp grew its position 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 valued at $2,112,000 after purchasing an additional 47,670 shares in the last quarter.

Flaherty & Crumrine Dynamic Preferred and Income Fund Trading Down 0.3%

DFP opened at $20.39 on Thursday. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a 12 month low of $19.56 and a 12 month high of $22.11. The stock has a 50-day moving average of $20.67 and a 200 day moving average of $20.94.

Flaherty & Crumrine Dynamic Preferred and Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, July 31st. Investors 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

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Flaherty & Crumrine Dynamic Preferred and Income Fund (NYSE:DFP)

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