140,478 Shares in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Bought by Whipplewood Advisors LLC

Whipplewood Advisors LLC bought a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 140,478 shares of the company’s stock, valued at approximately $2,801,000. Flaherty & Crumrine Dynamic Preferred and Income Fund accounts for 1.6% of Whipplewood Advisors LLC’s investment portfolio, making the stock its 11th largest holding.

Other large investors have also recently added to or reduced their stakes in the company. Westside Investment Management Inc. acquired a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund in the fourth quarter valued at approximately $33,000. MeadowBrook Investment Advisors LLC grew its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 45.1% in the fourth quarter. MeadowBrook Investment Advisors LLC now owns 1,770 shares of the company’s stock valued at $35,000 after purchasing an additional 550 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund in the 4th quarter valued at $78,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund during the 4th quarter worth about $154,000. Finally, Aviance Capital Partners LLC bought a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund during the 3rd quarter worth about $203,000.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Performance

Shares of NYSE DFP opened at $20.45 on Thursday. The business has a 50-day moving average of $20.33 and a 200-day moving average of $20.52. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a fifty-two week low of $17.78 and a fifty-two week high of $21.73.

Flaherty & Crumrine Dynamic Preferred and Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 23rd will be paid a $0.1151 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $1.38 dividend on an annualized basis and a yield of 6.76%.

About Flaherty & Crumrine Dynamic Preferred and Income Fund

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc is a closed ended balanced mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity and fixed income markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors.