HighTower Advisors LLC Reduces Holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP)

HighTower Advisors LLC lowered its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) by 11.1% during the fourth quarter, Holdings Channel reports. The firm owned 26,249 shares of the company’s stock after selling 3,293 shares during the quarter. HighTower Advisors LLC’s holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund were worth $523,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund during the 4th quarter worth approximately $19,448,000. Kovitz Investment Group Partners LLC purchased a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund in the third quarter valued at approximately $4,911,000. Whipplewood Advisors LLC acquired a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund in the fourth quarter valued at approximately $2,801,000. Hennion & Walsh Asset Management Inc. grew its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 138.4% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 45,825 shares of the company’s stock worth $914,000 after acquiring an additional 26,601 shares during the last quarter. Finally, Principal Securities Inc. grew its position 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 last quarter.

Flaherty & Crumrine Dynamic Preferred and Income Fund Trading Up 0.0 %

DFP stock opened at $20.27 on Monday. The company has a fifty day moving average price of $20.44 and a 200 day moving average price of $20.56. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a 12 month low of $17.78 and a 12 month high of $21.73.

Flaherty & Crumrine Dynamic Preferred and Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 23rd will be issued a $0.1151 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $1.38 dividend on an annualized basis and a dividend yield of 6.81%.

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.