Wedbush Securities Inc. reduced its position in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP – Free Report) by 79.9% during the third quarter, Holdings Channel.com reports. The firm owned 12,700 shares of the company’s stock after selling 50,420 shares during the quarter. Wedbush Securities Inc.’s holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund were worth $240,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Capital Analysts LLC lifted its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 6.3% during the 2nd quarter. Capital Analysts LLC now owns 36,343 shares of the company’s stock valued at $751,000 after acquiring an additional 2,149 shares in the last quarter. Triumph Capital Management grew its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 20.9% in the 2nd quarter. Triumph Capital Management now owns 6,375 shares of the company’s stock worth $132,000 after acquiring an additional 1,100 shares in the last quarter. Shaker Financial Services LLC bought a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund in the 2nd quarter worth $427,000. Hennion & Walsh Asset Management Inc. grew its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 24.7% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 218,689 shares of the company’s stock worth $4,520,000 after acquiring an additional 43,356 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund in the second quarter valued at about $36,000.
Flaherty & Crumrine Dynamic Preferred and Income Fund Price Performance
DFP opened at $18.86 on Friday. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a fifty-two week low of $18.35 and a fifty-two week high of $22.05. The company’s 50-day moving average is $19.42 and its 200 day moving average is $20.51.
Flaherty & Crumrine Dynamic Preferred and Income Fund Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 20th will be given a dividend of $0.1314 per share. This represents a $1.58 dividend on an annualized basis and a dividend yield of 8.4%. The ex-dividend date of this dividend is Friday, November 20th.
Flaherty & Crumrine Dynamic Preferred and Income Fund Company Profile
Flaherty & Crumrine Dynamic Preferred and Income Fund, Inc is a closed-end investment fund listed on the New York Stock Exchange under the symbol DFP. The fund seeks to provide current income and total return by investing primarily in preferred securities and other income-producing investments.
The fund’s portfolio may include preferred stocks, hybrid securities, corporate debt and other fixed-income instruments issued by companies in sectors such as financial services, utilities and real estate.
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Want to see what other hedge funds are holding DFP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP – Free Report).
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