Cary Street Partners Investment Advisory LLC Raises Stake in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP)

Cary Street Partners Investment Advisory LLC lifted its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) by 10.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,391 shares of the company’s stock after buying an additional 3,195 shares during the quarter. Cary Street Partners Investment Advisory LLC’s holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund were worth $593,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of DFP. McGlone Suttner Wealth Management Inc. purchased a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund in the fourth quarter valued at approximately $63,000. Shaker Financial Services LLC purchased a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund in the third quarter valued at approximately $308,000. Samalin Investment Counsel LLC grew its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 58.9% in the third quarter. Samalin Investment Counsel LLC now owns 23,167 shares of the company’s stock valued at $389,000 after purchasing an additional 8,585 shares during the period. PNC Financial Services Group Inc. grew its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 179.5% in the third quarter. PNC Financial Services Group Inc. now owns 27,945 shares of the company’s stock valued at $469,000 after purchasing an additional 17,945 shares during the period. Finally, All Season Financial Advisors Inc. grew its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 71.4% in the fourth quarter. All Season Financial Advisors Inc. now owns 31,303 shares of the company’s stock valued at $556,000 after purchasing an additional 13,045 shares during the period.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Performance

Flaherty & Crumrine Dynamic Preferred and Income Fund stock opened at $18.05 on Wednesday. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a 1 year low of $15.45 and a 1 year high of $19.31. The firm has a 50 day moving average price of $18.63 and a 200 day moving average price of $17.94.

Flaherty & Crumrine Dynamic Preferred and Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Thursday, May 23rd will be issued a $0.1107 dividend. The ex-dividend date is Wednesday, May 22nd. This represents a $1.33 dividend on an annualized basis and a yield of 7.36%.

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.