LPL Financial LLC Raises Stock Holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP)

LPL Financial LLC increased its position in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) by 1.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 232,751 shares of the company’s stock after acquiring an additional 3,778 shares during the period. LPL Financial LLC’s holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund were worth $4,227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DFP. Raymond James & Associates raised its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 15.5% in the 1st quarter. Raymond James & Associates now owns 551,765 shares of the company’s stock worth $10,020,000 after acquiring an additional 73,943 shares during the last quarter. Atria Wealth Solutions Inc. purchased a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund in the 1st quarter worth $1,191,000. Elequin Securities LLC purchased a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund in the 4th quarter worth $519,000. Millennium Management LLC purchased a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund in the 4th quarter worth $478,000. Finally, Guggenheim Capital LLC raised its stake in shares of 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.

Flaherty & Crumrine Dynamic Preferred and Income Fund Price Performance

Shares of DFP stock opened at $17.62 on Friday. The business has a 50-day simple moving average of $17.75 and a 200-day simple moving average of $17.94. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a 52-week low of $15.87 and a 52-week high of $21.64.

Flaherty & Crumrine Dynamic Preferred and Income Fund Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, August 31st. Stockholders of record on Thursday, August 24th were issued a $0.104 dividend. The ex-dividend date was Wednesday, August 23rd. This represents a dividend yield of 7.07%.

Flaherty & Crumrine Dynamic Preferred and Income Fund Company 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.