25,690 Shares in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. $DFP Purchased by Capital Investment Advisors LLC

Capital Investment Advisors LLC acquired a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 25,690 shares of the company’s stock, valued at approximately $534,000.

Several other hedge funds have also recently bought and sold shares of the company. Cetera Investment Advisers lifted its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 6.7% during the 2nd quarter. Cetera Investment Advisers now owns 22,151 shares of the company’s stock worth $455,000 after acquiring an additional 1,398 shares during the period. J.W. Cole Advisors Inc. acquired a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 2nd quarter worth approximately $225,000. Level Four Advisory Services LLC bought a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund in the second quarter valued at approximately $200,000. Invesco Ltd. raised its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 3.1% during the second quarter. Invesco Ltd. now owns 310,380 shares of the company’s stock valued at $6,372,000 after purchasing an additional 9,360 shares in the last quarter. Finally, Guggenheim Capital LLC raised its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 10.8% during the second quarter. Guggenheim Capital LLC now owns 345,568 shares of the company’s stock valued at $7,095,000 after purchasing an additional 33,652 shares in the last quarter.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Performance

NYSE DFP opened at $19.57 on Tuesday. The business has a fifty day moving average price of $21.24 and a two-hundred day moving average price of $21.31. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a fifty-two week low of $18.20 and a fifty-two week high of $22.11.

Flaherty & Crumrine Dynamic Preferred and Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 23rd will be issued a dividend of $0.127 per share. The ex-dividend date of this dividend is Thursday, April 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%.

Flaherty & Crumrine Dynamic Preferred and Income Fund Profile

Flaherty & Crumrine Dynamic Preferred and Income Fund (NYSE: DFP) is a closed-end management investment company that seeks to provide current income and total return primarily through investments in preferred securities. The fund pursues a dynamic approach, adjusting portfolio duration and credit exposure in response to changing market conditions in order to enhance yield and manage risk. Its flexible mandate also allows allocations to common stocks, convertible securities and select debt instruments when opportunistic.

DFP’s portfolio generally comprises U.S.