1607 Capital Partners LLC Takes Position in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. $DFP

1607 Capital Partners LLC bought a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 79,500 shares of the company’s stock, valued at approximately $1,720,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Envestnet Asset Management Inc. boosted its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 1.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 68,780 shares of the company’s stock worth $1,412,000 after acquiring an additional 1,086 shares during the period. Allworth Financial LP lifted its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 89.7% in the second quarter. Allworth Financial LP now owns 1,480 shares of the company’s stock worth $30,000 after purchasing an additional 700 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 6.7% during the second quarter. Cetera Investment Advisers now owns 22,151 shares of the company’s stock worth $455,000 after purchasing an additional 1,398 shares during the period. AlphaCore Capital LLC boosted its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 13.9% during the second quarter. AlphaCore Capital LLC now owns 39,483 shares of the company’s stock worth $811,000 after purchasing an additional 4,832 shares during the period. Finally, J.W. Cole Advisors Inc. purchased a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund during the second quarter valued at approximately $225,000.

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

Flaherty & Crumrine Dynamic Preferred and Income Fund stock opened at $20.84 on Friday. The firm’s 50 day moving average price is $21.41 and its two-hundred day moving average price is $21.36. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a twelve month low of $18.20 and a twelve month high of $22.11.

Flaherty & Crumrine Dynamic Preferred and Income Fund Announces Dividend

The business 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. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date is Thursday, April 23rd.

Flaherty & Crumrine Dynamic Preferred and Income Fund Company 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.