Shaker Financial Services LLC Sells 1,368 Shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP)

Shaker Financial Services LLC cut its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) by 1.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 73,872 shares of the company’s stock after selling 1,368 shares during the quarter. Shaker Financial Services LLC’s holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund were worth $1,495,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Strategic Advocates LLC bought a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund during the first quarter valued at about $821,000. LPL Financial LLC raised its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 6.6% during the first quarter. LPL Financial LLC now owns 282,048 shares of the company’s stock valued at $5,709,000 after acquiring an additional 17,355 shares during the period. Cetera Investment Advisers raised its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 4.4% during the first quarter. Cetera Investment Advisers now owns 20,753 shares of the company’s stock valued at $420,000 after acquiring an additional 875 shares during the period. Readystate Asset Management LP bought a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund during the first quarter valued at about $363,000. Finally, Seamount Financial Group Inc. raised its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 4.0% during the first quarter. Seamount Financial Group Inc. now owns 51,063 shares of the company’s stock valued at $1,034,000 after acquiring an additional 1,959 shares during the period.

Flaherty & Crumrine Dynamic Preferred and Income Fund Price Performance

NYSE:DFP opened at $20.75 on Tuesday. The business’s 50-day simple moving average is $20.48 and its two-hundred day simple moving average is $20.23. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a 52 week low of $18.20 and a 52 week high of $21.73.

Flaherty & Crumrine Dynamic Preferred and Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 24th will be issued a $0.1186 dividend. This represents a c) annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend is Friday, October 24th.

Flaherty & Crumrine Dynamic Preferred and Income Fund 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.