Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Shares Sold by 1776 Wealth LLC

1776 Wealth LLC trimmed its position in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) by 1.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 62,864 shares of the company’s stock after selling 1,066 shares during the period. 1776 Wealth LLC’s holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund were worth $1,254,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. MeadowBrook Investment Advisors LLC lifted 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 worth $35,000 after purchasing an additional 550 shares during the period. Steward Partners Investment Advisory LLC lifted its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 55.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,800 shares of the company’s stock worth $56,000 after purchasing an additional 1,000 shares during the period. Westside Investment Management Inc. acquired a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund in the fourth quarter worth approximately $33,000. Principal Securities Inc. lifted its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 5.4% in the fourth quarter. Principal Securities Inc. now owns 34,478 shares of the company’s stock worth $687,000 after purchasing an additional 1,775 shares during the period. Finally, Concurrent Investment Advisors LLC lifted its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 11.7% in the fourth quarter. Concurrent Investment Advisors LLC now owns 18,250 shares of the company’s stock worth $364,000 after purchasing an additional 1,918 shares during the period.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Performance

DFP opened at $20.35 on Thursday. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a 1-year low of $17.78 and a 1-year high of $21.73. The business has a 50 day moving average price of $20.39 and a two-hundred day moving average price of $20.57.

Flaherty & Crumrine Dynamic Preferred and Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 23rd will be given a $0.1151 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $1.38 dividend on an annualized basis and a yield of 6.79%.

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.