Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Stock Position Lifted by Raymond James & Associates

Raymond James & Associates grew its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) by 1.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 745,709 shares of the company’s stock after buying an additional 13,668 shares during the period. Raymond James & Associates’ holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund were worth $16,033,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 22.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,575 shares of the company’s stock worth $126,000 after buying an additional 1,197 shares during the last quarter. Wedbush Securities Inc. increased its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 12.8% in the second quarter. Wedbush Securities Inc. now owns 18,450 shares of the company’s stock worth $354,000 after buying an additional 2,100 shares during the period. Private Advisor Group LLC increased its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 5.0% in the second quarter. Private Advisor Group LLC now owns 45,937 shares of the company’s stock worth $882,000 after buying an additional 2,191 shares during the period. Shaker Financial Services LLC lifted its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 0.8% in the second quarter. Shaker Financial Services LLC now owns 79,008 shares of the company’s stock valued at $1,517,000 after buying an additional 629 shares during the last quarter. Finally, Concurrent Investment Advisors LLC boosted its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 53.2% during the second quarter. Concurrent Investment Advisors LLC now owns 15,411 shares of the company’s stock valued at $296,000 after acquiring an additional 5,351 shares during the period.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Performance

Flaherty & Crumrine Dynamic Preferred and Income Fund stock opened at $20.39 on Friday. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a one year low of $15.48 and a one year high of $21.73. The company has a 50-day simple moving average of $20.88 and a 200-day simple moving average of $19.61.

Flaherty & Crumrine Dynamic Preferred and Income Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be paid a $0.1151 dividend. The ex-dividend date is Thursday, November 21st. This represents a $1.38 annualized dividend and a dividend yield of 6.77%. This is a positive change from Flaherty & Crumrine Dynamic Preferred and Income Fund’s previous monthly dividend of $0.11.

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.