Flaherty & Crumrine Dynamic Preferred and Income Fund (NYSE:DFP) Shares Cross Below 50-Day Moving Average – What’s Next?

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) shares crossed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $19.16 and traded as low as $19.08. Flaherty & Crumrine Dynamic Preferred and Income Fund shares last traded at $19.1150, with a volume of 56,287 shares traded.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Performance

The stock has a 50-day simple moving average of $19.10 and a 200 day simple moving average of $20.40.

Flaherty & Crumrine Dynamic Preferred and Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 20th will be paid a $0.1314 dividend. This represents a $1.58 annualized dividend and a dividend yield of 8.4%. The ex-dividend date is Friday, November 20th.

Institutional Investors Weigh In On Flaherty & Crumrine Dynamic Preferred and Income Fund

Institutional investors and hedge funds have recently modified their holdings of the company. HighTower Advisors LLC raised its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 9.6% during the 3rd quarter. HighTower Advisors LLC now owns 11,556 shares of the company’s stock worth $218,000 after buying an additional 1,013 shares during the last quarter. Fifth Third Bancorp acquired a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund during the 3rd quarter valued at approximately $87,000. Capital Investment Advisors LLC boosted its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 13.6% in the 3rd quarter. Capital Investment Advisors LLC now owns 27,157 shares of the company’s stock valued at $513,000 after acquiring an additional 3,241 shares during the last quarter. Capital Analysts LLC boosted its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 6.3% in the 2nd quarter. Capital Analysts LLC now owns 36,343 shares of the company’s stock valued at $751,000 after acquiring an additional 2,149 shares during the last quarter. Finally, Triumph Capital Management boosted its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 20.9% in the 2nd quarter. Triumph Capital Management now owns 6,375 shares of the company’s stock valued at $132,000 after acquiring an additional 1,100 shares during the last quarter.

Flaherty & Crumrine Dynamic Preferred and Income Fund Company Profile

Flaherty & Crumrine Dynamic Preferred and Income Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol DFP. The fund seeks to provide investors with current income and, to a lesser extent, capital appreciation by investing primarily in preferred securities and other income-producing investments. The fund’s portfolio may include preferred stocks, hybrid securities, and debt instruments issued by companies in the financial services, utilities, telecommunications, industrial, and other sectors.