Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. $DFP Stock Position Increased by Cetera Investment Advisers

Cetera Investment Advisers lifted its position in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) by 4.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,753 shares of the company’s stock after buying an additional 875 shares during the period. Cetera Investment Advisers’ holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund were worth $420,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Janney Montgomery Scott LLC grew its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 2.6% during the first quarter. Janney Montgomery Scott LLC now owns 23,956 shares of the company’s stock valued at $485,000 after buying an additional 604 shares in the last quarter. Bank of America Corp DE boosted its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 12.7% during the fourth quarter. Bank of America Corp DE now owns 12,213 shares of the company’s stock valued at $244,000 after purchasing an additional 1,380 shares during the last quarter. Farther Finance Advisors LLC acquired a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund during the first quarter valued at $51,000. Invesco Ltd. boosted its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 2.9% during the fourth quarter. Invesco Ltd. now owns 311,497 shares of the company’s stock valued at $6,211,000 after purchasing an additional 8,693 shares during the last quarter. Finally, Cary Street Partners Financial LLC acquired a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund during the fourth quarter valued at $526,000.

Flaherty & Crumrine Dynamic Preferred and Income Fund Price Performance

DFP opened at $20.81 on Monday. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a 1 year low of $18.20 and a 1 year high of $21.73. The stock has a fifty day moving average price of $20.62 and a 200 day moving average price of $20.26.

Flaherty & Crumrine Dynamic Preferred and Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 24th will be given a $0.1186 dividend. The ex-dividend date of this dividend is Friday, October 24th. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%.

Flaherty & Crumrine Dynamic Preferred and Income Fund 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.