Independent Advisor Alliance Invests $364,000 in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP)

Independent Advisor Alliance purchased a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 18,275 shares of the company’s stock, valued at approximately $364,000.

A number of other large investors have also recently made changes to their positions in DFP. Aviance Capital Partners LLC bought a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund in the third quarter worth approximately $203,000. HighTower Advisors LLC grew its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 15.7% in the third quarter. HighTower Advisors LLC now owns 29,542 shares of the company’s stock worth $635,000 after acquiring an additional 3,999 shares during the period. Kovitz Investment Group Partners LLC bought a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund in the third quarter worth approximately $4,911,000. Fiduciary Alliance LLC bought a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund in the fourth quarter worth approximately $206,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund during the fourth quarter valued at approximately $154,000.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Performance

Shares of NYSE DFP opened at $20.46 on Wednesday. The firm has a 50 day moving average of $20.41 and a 200 day moving average of $20.58. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a 12-month low of $17.78 and a 12-month high of $21.73.

Flaherty & Crumrine Dynamic Preferred and Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 23rd will be given a dividend of $0.1151 per share. The ex-dividend date is Wednesday, April 23rd. This represents a $1.38 annualized dividend and a yield of 6.75%.

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.