Oxbow Advisors LLC Sells 894 Shares of Flaherty & Crumrine Dynmc Prf&Inm Fd Inc (NYSE:DFP)

Oxbow Advisors LLC cut its position in Flaherty & Crumrine Dynmc Prf&Inm Fd Inc (NYSE:DFP) by 0.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 178,514 shares of the company’s stock after selling 894 shares during the period. Oxbow Advisors LLC’s holdings in Flaherty & Crumrine Dynmc Prf&Inm Fd were worth $4,777,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of DFP. Farmers & Merchants Investments Inc. bought a new stake in shares of Flaherty & Crumrine Dynmc Prf&Inm Fd in the third quarter valued at $26,000. Coastal Investment Advisors Inc. bought a new stake in shares of Flaherty & Crumrine Dynmc Prf&Inm Fd in the third quarter valued at $44,000. FNY Investment Advisers LLC bought a new stake in shares of Flaherty & Crumrine Dynmc Prf&Inm Fd in the third quarter valued at $72,000. Steward Partners Investment Advisory LLC raised its stake in shares of Flaherty & Crumrine Dynmc Prf&Inm Fd by 111.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,750 shares of the company’s stock valued at $73,000 after buying an additional 1,450 shares during the period. Finally, Wedbush Securities Inc. bought a new stake in shares of Flaherty & Crumrine Dynmc Prf&Inm Fd in the third quarter valued at $491,000.

Shares of DFP traded up $0.05 during mid-day trading on Friday, hitting $28.15. The stock had a trading volume of 31,250 shares, compared to its average volume of 42,663. Flaherty & Crumrine Dynmc Prf&Inm Fd Inc has a 52 week low of $22.85 and a 52 week high of $28.18. The business has a fifty day moving average price of $27.20 and a 200-day moving average price of $26.31.

The business also recently declared a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 23rd will be given a $0.143 dividend. This represents a $1.72 annualized dividend and a dividend yield of 6.10%. The ex-dividend date of this dividend is Wednesday, April 22nd.

About Flaherty & Crumrine Dynmc Prf&Inm Fd

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.

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Want to see what other hedge funds are holding DFP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Flaherty & Crumrine Dynmc Prf&Inm Fd Inc (NYSE:DFP).

Institutional Ownership by Quarter for Flaherty & Crumrine Dynmc Prf&Inm Fd (NYSE:DFP)

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