Belpointe Asset Management LLC Purchases Shares of 2,252 Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP)

Belpointe Asset Management LLC purchased a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP – Get Rating) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 2,252 shares of the company’s stock, valued at approximately $42,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. boosted its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 23.2% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 59,796 shares of the company’s stock valued at $1,119,000 after purchasing an additional 11,267 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 12.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 61,561 shares of the company’s stock valued at $1,151,000 after purchasing an additional 6,835 shares in the last quarter. Shaker Financial Services LLC bought a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund during the 4th quarter valued at $294,000. All Season Financial Advisors Inc. boosted its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 3.1% during the 4th quarter. All Season Financial Advisors Inc. now owns 17,295 shares of the company’s stock valued at $324,000 after purchasing an additional 512 shares in the last quarter. Finally, Wolverine Asset Management LLC lifted its position 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 valued at $1,325,000 after acquiring an additional 7,316 shares during the last quarter.

Flaherty & Crumrine Dynamic Preferred and Income Fund Trading Down 1.5 %

Shares of NYSE:DFP opened at $16.86 on Thursday. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a one year low of $15.87 and a one year high of $23.88. The stock has a fifty day moving average of $17.38 and a 200-day moving average of $19.06.

Flaherty & Crumrine Dynamic Preferred and Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, July 31st. Stockholders of record on Monday, July 24th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, July 21st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 7.83%.

Flaherty & Crumrine Dynamic Preferred and Income Fund Profile

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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.