Shaker Financial Services LLC Sells 34,693 Shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP)

Shaker Financial Services LLC reduced its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) by 43.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 44,315 shares of the company’s stock after selling 34,693 shares during the quarter. Shaker Financial Services LLC’s holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund were worth $953,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Concurrent Investment Advisors LLC grew its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 6.0% during the third quarter. Concurrent Investment Advisors LLC now owns 16,332 shares of the company’s stock valued at $351,000 after buying an additional 921 shares during the period. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 3rd quarter worth $413,000. International Assets Investment Management LLC boosted its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 2,050.0% during the 3rd quarter. International Assets Investment Management LLC now owns 179,052 shares of the company’s stock worth $3,850,000 after acquiring an additional 170,724 shares during the last quarter. Raymond James & Associates grew its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 1.9% during the 3rd quarter. Raymond James & Associates now owns 745,709 shares of the company’s stock valued at $16,033,000 after acquiring an additional 13,668 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 22.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,575 shares of the company’s stock worth $126,000 after purchasing an additional 1,197 shares in the last quarter.

Flaherty & Crumrine Dynamic Preferred and Income Fund Price Performance

Shares of Flaherty & Crumrine Dynamic Preferred and Income Fund stock opened at $20.50 on Thursday. The stock’s fifty day moving average is $20.94 and its 200 day moving average is $19.74. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a one year low of $16.31 and a one year high of $21.73.

Flaherty & Crumrine Dynamic Preferred and Income Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be paid a $0.1151 dividend. The ex-dividend date is Thursday, November 21st. This represents a $1.38 annualized dividend and a dividend yield of 6.74%. This is an increase from Flaherty & Crumrine Dynamic Preferred and Income Fund’s previous monthly dividend of $0.11.

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.