Guggenheim Capital LLC Purchases 83,008 Shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP)

Guggenheim Capital LLC lifted its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) by 43.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 275,471 shares of the company’s stock after buying an additional 83,008 shares during the quarter. Guggenheim Capital LLC’s holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund were worth $5,493,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in DFP. Raymond James Financial Inc. bought a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund during the 4th quarter worth approximately $19,448,000. Cohen & Steers Inc. lifted its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 10.2% during the fourth quarter. Cohen & Steers Inc. now owns 451,762 shares of the company’s stock worth $9,008,000 after purchasing an additional 42,000 shares during the period. Invesco Ltd. grew its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 2.9% in the fourth quarter. Invesco Ltd. now owns 311,497 shares of the company’s stock worth $6,211,000 after purchasing an additional 8,693 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 12.9% in the fourth quarter. Wells Fargo & Company MN now owns 191,409 shares of the company’s stock valued at $3,817,000 after purchasing an additional 21,877 shares during the period. Finally, Whipplewood Advisors LLC acquired a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund during the 4th quarter worth about $2,801,000.

Flaherty & Crumrine Dynamic Preferred and Income Fund Price Performance

Shares of DFP stock opened at $19.45 on Friday. The stock has a 50-day moving average of $20.09 and a 200-day moving average of $20.35. 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 Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 23rd will be issued a dividend of $0.1151 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $1.38 annualized dividend and a yield of 7.10%.

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.