Raymond James Financial Inc. Buys 15,434 Shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. $DFP

Raymond James Financial Inc. grew its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) by 1.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 990,747 shares of the company’s stock after acquiring an additional 15,434 shares during the period. Raymond James Financial Inc.’s holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund were worth $20,053,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. LPL Financial LLC raised its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 6.6% in the first quarter. LPL Financial LLC now owns 282,048 shares of the company’s stock worth $5,709,000 after acquiring an additional 17,355 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 12.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 67,694 shares of the company’s stock worth $1,370,000 after buying an additional 7,586 shares during the period. Revisor Wealth Management LLC grew its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 174.0% during the 1st quarter. Revisor Wealth Management LLC now owns 66,686 shares of the company’s stock worth $1,350,000 after buying an additional 42,347 shares during the period. Hennion & Walsh Asset Management Inc. grew its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 29.6% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 59,389 shares of the company’s stock worth $1,202,000 after buying an additional 13,564 shares during the period. Finally, Seamount Financial Group Inc. grew its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 4.0% during the 1st quarter. Seamount Financial Group Inc. now owns 51,063 shares of the company’s stock worth $1,034,000 after buying an additional 1,959 shares during the period.

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

Shares of NYSE:DFP opened at $20.78 on Wednesday. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a one year low of $18.20 and a one year high of $21.73. The company has a 50 day moving average of $20.68 and a 200-day moving average of $20.28.

Flaherty & Crumrine Dynamic Preferred and Income Fund Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, August 29th. Stockholders of record on Monday, August 25th will be given a dividend of $0.1186 per share. The ex-dividend date is Friday, August 22nd. This represents a dividend yield of 684.0%. This is a positive change from Flaherty & Crumrine Dynamic Preferred and Income Fund’s previous dividend of $0.12.

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.