Commonwealth Equity Services LLC Has $1.15 Million Position in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP)

Commonwealth Equity Services LLC increased its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP – Get Rating) by 12.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 61,561 shares of the company’s stock after buying an additional 6,835 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund were worth $1,151,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of DFP. LPL Financial LLC grew its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 1.9% in the second quarter. LPL Financial LLC now owns 220,516 shares of the company’s stock valued at $4,739,000 after purchasing an additional 4,105 shares in the last quarter. Cohen & Steers Inc. boosted its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 45.4% during the 3rd quarter. Cohen & Steers Inc. now owns 170,740 shares of the company’s stock worth $3,242,000 after acquiring an additional 53,340 shares during the period. Heron Bay Capital Management bought a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 4th quarter worth approximately $1,846,000. Wolverine Asset Management LLC boosted its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 11.5% during the 4th quarter. Wolverine Asset Management LLC now owns 70,840 shares of the company’s stock worth $1,325,000 after acquiring an additional 7,316 shares during the period. Finally, Guggenheim Capital LLC boosted its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 21.1% during the 3rd quarter. Guggenheim Capital LLC now owns 49,184 shares of the company’s stock worth $934,000 after acquiring an additional 8,560 shares during the period.

Flaherty & Crumrine Dynamic Preferred and Income Fund Trading Up 0.4 %

Shares of NYSE DFP opened at $16.91 on Monday. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a 12 month low of $15.87 and a 12 month high of $23.88. The stock has a 50 day moving average of $17.45 and a 200-day moving average of $19.10.

Flaherty & Crumrine Dynamic Preferred and Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, July 31st. Investors of record on Monday, July 24th will be issued a dividend of $0.11 per share. The ex-dividend date is Friday, July 21st. This represents a $1.32 annualized dividend and a yield of 7.81%.

About Flaherty & Crumrine Dynamic Preferred and Income Fund

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Flaherty & Crumrine Dynamic Preferred & Income Fund, Inc is a diversified and closed-end management company. It invests in the portfolio of preferred and other income-producing securities. The firm aims to seek total return and to provide high income. The company was founded on October 10, 2012 and is headquartered in Pasadena, CA.