Shaker Financial Services LLC Sells 34,693 Shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP)

Shaker Financial Services LLC trimmed its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) by 43.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,315 shares of the company’s stock after selling 34,693 shares during the period. Shaker Financial Services LLC’s holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund were worth $953,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of DFP. International Assets Investment Management LLC boosted its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 2,050.0% during the third quarter. International Assets Investment Management LLC now owns 179,052 shares of the company’s stock worth $3,850,000 after purchasing an additional 170,724 shares during the period. Raymond James & Associates increased its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 7.3% during the second quarter. Raymond James & Associates now owns 732,041 shares of the company’s stock valued at $14,055,000 after acquiring an additional 49,598 shares in the last quarter. Hennion & Walsh Asset Management Inc. purchased a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund in the third quarter worth about $413,000. Concurrent Investment Advisors LLC lifted its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 53.2% in the second quarter. Concurrent Investment Advisors LLC now owns 15,411 shares of the company’s stock worth $296,000 after buying an additional 5,351 shares in the last quarter. Finally, Pathway Financial Advisers LLC purchased a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the first quarter valued at approximately $60,000.

Flaherty & Crumrine Dynamic Preferred and Income Fund Price Performance

Flaherty & Crumrine Dynamic Preferred and Income Fund stock opened at $20.50 on Thursday. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a 12 month low of $16.31 and a 12 month high of $21.73. The stock has a fifty day simple moving average of $20.94 and a two-hundred day simple moving average of $19.74.

Flaherty & Crumrine Dynamic Preferred and Income Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.1151 per share. This represents a $1.38 dividend on an annualized basis and a dividend yield of 6.74%. The ex-dividend date of this dividend is Thursday, November 21st. This is an increase from Flaherty & Crumrine Dynamic Preferred and Income Fund’s previous monthly dividend of $0.11.

Flaherty & Crumrine Dynamic Preferred and Income Fund Company Profile

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.