Flaherty & Crumrine Dynamic Preferred and Income Fund (NYSE:DFP) Trading Up 0.4% – Here’s Why

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) was up 0.4% during mid-day trading on Friday . The stock traded as high as $20.46 and last traded at $20.38. Approximately 60,175 shares changed hands during trading, an increase of 15% from the average daily volume of 52,324 shares. The stock had previously closed at $20.30.

Flaherty & Crumrine Dynamic Preferred and Income Fund Price Performance

The business’s 50-day simple moving average is $20.66 and its two-hundred day simple moving average is $21.07.

Flaherty & Crumrine Dynamic Preferred and Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 24th will be given a $0.1295 dividend. The ex-dividend date is Friday, July 24th. This represents a c) dividend on an annualized basis and a yield of 7.6%.

Institutional Trading of Flaherty & Crumrine Dynamic Preferred and Income Fund

A number of hedge funds have recently added to or reduced their stakes in DFP. Cetera Investment Advisers boosted its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 6.7% in the second quarter. Cetera Investment Advisers now owns 22,151 shares of the company’s stock valued at $455,000 after buying an additional 1,398 shares in the last quarter. Invesco Ltd. boosted its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 3.1% in the second quarter. Invesco Ltd. now owns 310,380 shares of the company’s stock valued at $6,372,000 after buying an additional 9,360 shares in the last quarter. Baird Financial Group Inc. boosted its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 40.6% in the second quarter. Baird Financial Group Inc. now owns 19,489 shares of the company’s stock valued at $400,000 after buying an additional 5,630 shares in the last quarter. NewEdge Advisors LLC boosted its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 3.0% in the second quarter. NewEdge Advisors LLC now owns 35,820 shares of the company’s stock valued at $735,000 after buying an additional 1,048 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 9.3% in the second quarter. Raymond James Financial Inc. now owns 1,083,013 shares of the company’s stock valued at $22,234,000 after buying an additional 92,266 shares in the last quarter.

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.