Flaherty & Crumrine Dynamic Preferred and Income Fund (NYSE:DFP) Trading Down 0.2% – Time to Sell?

Shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) dropped 0.2% during mid-day trading on Tuesday . The stock traded as low as $19.51 and last traded at $19.5780. 58,738 shares traded hands during mid-day trading, an increase of 5% from the average session volume of 55,789 shares. The stock had previously closed at $19.61.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Performance

The stock has a 50-day moving average of $20.45 and a 200-day moving average of $20.56.

Flaherty & Crumrine Dynamic Preferred and Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 23rd will be issued a dividend of $0.1314 per share. This represents a c) annualized dividend and a dividend yield of 8.3%. The ex-dividend date of this dividend is Friday, October 23rd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sit Investment Associates Inc. grew its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 24.3% during the fourth quarter. Sit Investment Associates Inc. now owns 445,325 shares of the company’s stock worth $9,258,000 after buying an additional 86,981 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position 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 valued at $4,520,000 after buying an additional 43,356 shares in the last quarter. 1607 Capital Partners LLC lifted its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 34.6% during the 4th quarter. 1607 Capital Partners LLC now owns 107,017 shares of the company’s stock worth $2,225,000 after acquiring an additional 27,517 shares during the period. Fiera Capital Corp lifted its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 88.4% during the 4th quarter. Fiera Capital Corp now owns 101,601 shares of the company’s stock worth $2,112,000 after acquiring an additional 47,670 shares during the period. Finally, Wedbush Securities Inc. boosted its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 397.0% during the 2nd quarter. Wedbush Securities Inc. now owns 63,120 shares of the company’s stock worth $1,013,000 after acquiring an additional 50,420 shares in the last quarter.

About Flaherty & Crumrine Dynamic Preferred and Income Fund

Flaherty & Crumrine Dynamic Preferred and Income Fund is a closed-end investment company listed on the New York Stock Exchange under the symbol DFP. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective, by investing primarily in preferred securities and other income-producing investments.

The fund uses a dynamically managed strategy that may adjust its portfolio allocation in response to market conditions, interest-rate trends and changes in credit quality.