Fiera Capital Corp Buys 47,670 Shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. $DFP

Fiera Capital Corp lifted its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) by 88.4% during the fourth quarter, HoldingsChannel reports. The firm owned 101,601 shares of the company’s stock after acquiring an additional 47,670 shares during the quarter. Fiera Capital Corp’s holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund were worth $2,112,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Raymond James Financial Inc. increased its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 18.3% during the 3rd quarter. Raymond James Financial Inc. now owns 1,281,510 shares of the company’s stock worth $27,732,000 after acquiring an additional 198,497 shares during the last quarter. 1607 Capital Partners LLC acquired a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 3rd quarter worth approximately $1,720,000. Closed End Fund Advisors Inc. acquired a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 4th quarter worth approximately $936,000. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 29.8% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 158,315 shares of the company’s stock worth $3,291,000 after acquiring an additional 36,304 shares during the last quarter. Finally, Capital Investment Advisors LLC acquired a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 4th quarter worth approximately $534,000.

Flaherty & Crumrine Dynamic Preferred and Income Fund Price Performance

DFP stock opened at $20.24 on Wednesday. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a 1-year low of $19.56 and a 1-year high of $22.11. The business’s 50 day simple moving average is $20.65 and its 200 day simple moving average is $20.97.

Flaherty & Crumrine Dynamic Preferred and Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 24th will be issued a $0.1295 dividend. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date of this dividend is Friday, July 24th.

Flaherty & Crumrine Dynamic Preferred and Income Fund Company Profile

Flaherty & Crumrine Dynamic Preferred and Income Fund (NYSE: DFP) is a closed-end management investment company that seeks to provide current income and total return primarily through investments in preferred securities. The fund pursues a dynamic approach, adjusting portfolio duration and credit exposure in response to changing market conditions in order to enhance yield and manage risk. Its flexible mandate also allows allocations to common stocks, convertible securities and select debt instruments when opportunistic.

DFP’s portfolio generally comprises U.S.