Magnolia Wealth Management LLC Acquires New Shares in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP)

Magnolia Wealth Management LLC acquired a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFPGet Rating) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 14,400 shares of the company’s stock, valued at approximately $365,000.

Several other hedge funds have also recently bought and sold shares of DFP. Oxbow Advisors LLC grew its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 80.0% during the 1st quarter. Oxbow Advisors LLC now owns 264,282 shares of the company’s stock valued at $6,881,000 after buying an additional 117,458 shares during the last quarter. Atria Wealth Solutions Inc. acquired a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund during the 1st quarter valued at $1,191,000. Guggenheim Capital LLC grew its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 239.2% during the 1st quarter. Guggenheim Capital LLC now owns 28,342 shares of the company’s stock valued at $738,000 after buying an additional 19,987 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 188.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 28,844 shares of the company’s stock valued at $750,000 after buying an additional 18,844 shares during the last quarter. Finally, Raymond James & Associates grew its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 3.1% during the 1st quarter. Raymond James & Associates now owns 546,806 shares of the company’s stock valued at $14,239,000 after buying an additional 16,537 shares during the last quarter.

Flaherty & Crumrine Dynamic Preferred and Income Fund Trading Up 0.2 %

Shares of NYSE:DFP opened at $20.96 on Thursday. The business’s fifty day moving average price is $21.88 and its two-hundred day moving average price is $23.09. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a one year low of $20.51 and a one year high of $29.13.

Flaherty & Crumrine Dynamic Preferred and Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 23rd will be issued a dividend of $0.13 per share. This represents a $1.56 annualized dividend and a dividend yield of 7.44%. The ex-dividend date is Thursday, September 22nd.

About Flaherty & Crumrine Dynamic Preferred and Income Fund

(Get Rating)

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.

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Institutional Ownership by Quarter for Flaherty & Crumrine Dynamic Preferred and Income Fund (NYSE:DFP)

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