Robinson Capital Management LLC Makes New Investment in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP)

Robinson Capital Management LLC acquired a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 17,475 shares of the company’s stock, valued at approximately $348,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Raymond James & Associates grew its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 1.9% in the 3rd quarter. Raymond James & Associates now owns 745,709 shares of the company’s stock valued at $16,033,000 after acquiring an additional 13,668 shares during the period. Kovitz Investment Group Partners LLC bought a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 3rd quarter worth about $4,911,000. International Assets Investment Management LLC grew its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 2,050.0% in the 3rd quarter. International Assets Investment Management LLC now owns 179,052 shares of the company’s stock valued at $3,850,000 after buying an additional 170,724 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 138.4% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 45,825 shares of the company’s stock valued at $914,000 after acquiring an additional 26,601 shares during the period. Finally, Principal Securities Inc. boosted its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 5.4% during the fourth quarter. Principal Securities Inc. now owns 34,478 shares of the company’s stock worth $687,000 after acquiring an additional 1,775 shares during the period.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Performance

DFP opened at $20.74 on Tuesday. The business has a fifty day simple moving average of $20.31 and a 200 day simple moving average of $20.48. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a 1 year low of $17.78 and a 1 year high of $21.73.

Flaherty & Crumrine Dynamic Preferred and Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 23rd will be paid a $0.1151 dividend. This represents a $1.38 dividend on an annualized basis and a yield of 6.66%. The ex-dividend date is Wednesday, April 23rd.

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.