Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) Shares Acquired by Wells Fargo & Company MN

Wells Fargo & Company MN raised its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) by 12.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 191,409 shares of the company’s stock after acquiring an additional 21,877 shares during the period. Wells Fargo & Company MN’s holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund were worth $3,817,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund in the fourth quarter valued at approximately $19,448,000. Whipplewood Advisors LLC purchased a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund during the 4th quarter worth $2,801,000. Hennion & Walsh Asset Management Inc. increased its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 138.4% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 45,825 shares of the company’s stock valued at $914,000 after purchasing an additional 26,601 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund in the fourth quarter valued at about $466,000. Finally, Independent Advisor Alliance acquired a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the fourth quarter worth about $364,000.

Flaherty & Crumrine Dynamic Preferred and Income Fund Trading Down 1.8 %

DFP stock opened at $19.12 on Tuesday. The stock has a 50-day simple moving average of $20.04 and a 200-day simple moving average of $20.31. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a 1 year low of $17.86 and a 1 year high of $21.73.

Flaherty & Crumrine Dynamic Preferred and Income Fund Cuts Dividend

The company also recently announced a — dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 24th will be given a dividend of $0.1174 per share. The ex-dividend date is Thursday, July 24th. This represents a dividend yield of 7.2%.

Flaherty & Crumrine Dynamic Preferred and Income Fund Profile

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.