MeadowBrook Investment Advisors LLC Acquires 550 Shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP)

MeadowBrook Investment Advisors LLC increased its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) by 45.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,770 shares of the company’s stock after buying an additional 550 shares during the period. MeadowBrook Investment Advisors LLC’s holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund were worth $35,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Westside Investment Management Inc. bought a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the fourth quarter worth approximately $33,000. Golden State Wealth Management LLC bought a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund in the fourth quarter valued at approximately $78,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the fourth quarter worth $154,000. Aviance Capital Partners LLC bought a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the third quarter worth $203,000. Finally, Fiduciary Alliance LLC bought a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the fourth quarter worth $206,000.

Flaherty & Crumrine Dynamic Preferred and Income Fund Price Performance

Shares of DFP stock opened at $20.50 on Wednesday. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a 12-month low of $17.78 and a 12-month high of $21.73. The firm has a fifty day moving average of $20.31 and a 200-day moving average of $20.45.

Flaherty & Crumrine Dynamic Preferred and Income Fund Announces Dividend

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 issued a dividend of $0.1151 per share. This represents a $1.38 annualized dividend and a yield of 6.74%. The ex-dividend date of this dividend is Wednesday, April 23rd.

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.