Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. $DFP Shares Purchased by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. boosted its position in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) by 24.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 218,689 shares of the company’s stock after acquiring an additional 43,356 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund were worth $4,520,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Corient Private Wealth LLC acquired a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the fourth quarter worth $602,000. Fiera Capital Corp grew its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 88.4% in the fourth quarter. Fiera Capital Corp now owns 101,601 shares of the company’s stock valued at $2,112,000 after purchasing an additional 47,670 shares during the period. Sit Investment Associates Inc. increased its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 24.3% in the fourth quarter. Sit Investment Associates Inc. now owns 445,325 shares of the company’s stock valued at $9,258,000 after purchasing an additional 86,981 shares during the last quarter. 1607 Capital Partners LLC increased its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 34.6% in the fourth quarter. 1607 Capital Partners LLC now owns 107,017 shares of the company’s stock valued at $2,225,000 after purchasing an additional 27,517 shares during the last quarter. Finally, Closed End Fund Advisors Inc. purchased a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund during the fourth quarter worth about $936,000.

Flaherty & Crumrine Dynamic Preferred and Income Fund Price Performance

Shares of NYSE:DFP opened at $20.79 on Monday. The stock’s 50-day moving average price is $20.61 and its two-hundred day moving average price is $20.87. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a 12-month low of $19.56 and a 12-month high of $22.11.

Flaherty & Crumrine Dynamic Preferred and Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 23rd will be issued a dividend of $0.1314 per share. This represents a c) annualized dividend and a dividend yield of 7.6%. The ex-dividend date is Friday, October 23rd.

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.