Shaker Financial Services LLC Boosts Stock Holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. $DFP

Shaker Financial Services LLC increased its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) by 77.1% during the 2nd quarter, Holdings Channel reports. The firm owned 130,860 shares of the company’s stock after purchasing an additional 56,988 shares during the quarter. Shaker Financial Services LLC’s holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund were worth $2,687,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. AdvisorNet Financial Inc bought a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund during the second quarter valued at about $87,000. Wolverine Asset Management LLC boosted its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 499.1% in the 1st quarter. Wolverine Asset Management LLC now owns 5,158 shares of the company’s stock worth $104,000 after buying an additional 4,297 shares during the period. Abel Hall LLC purchased a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund in the second quarter valued at $216,000. Baird Financial Group Inc. purchased a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund during the 1st quarter valued at about $281,000. Finally, Catalina Capital Group LLC purchased a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund during the second quarter valued at approximately $286,000.

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

Shares of DFP stock opened at $21.73 on Monday. The business’s fifty day moving average is $21.50 and its 200 day moving average is $20.76. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a 52-week low of $18.20 and a 52-week high of $22.11.

Flaherty & Crumrine Dynamic Preferred and Income Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 28th. Investors of record on Thursday, November 20th will be given a $0.1223 dividend. This represents a c) annualized dividend and a dividend yield of 6.8%. This is a positive change from Flaherty & Crumrine Dynamic Preferred and Income Fund’s previous monthly dividend of $0.12. The ex-dividend date is Thursday, November 20th.

About Flaherty & Crumrine Dynamic Preferred and Income Fund

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.