1607 Capital Partners LLC Purchases 27,517 Shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. $DFP

1607 Capital Partners LLC grew its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) by 34.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,017 shares of the company’s stock after buying an additional 27,517 shares during the quarter. 1607 Capital Partners LLC’s holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund were worth $2,225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. &PARTNERS lifted its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 8.5% during the 4th quarter. &PARTNERS now owns 36,927 shares of the company’s stock valued at $768,000 after buying an additional 2,898 shares during the period. Royal Bank of Canada raised its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 12.9% in the 4th quarter. Royal Bank of Canada now owns 38,261 shares of the company’s stock worth $795,000 after purchasing an additional 4,369 shares during the period. Focus Partners Wealth bought a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund in the 4th quarter worth $3,093,000. Kestra Advisory Services LLC bought a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund in the 4th quarter worth $158,000. Finally, Stifel Financial Corp raised its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 9.7% in the 4th quarter. Stifel Financial Corp now owns 23,280 shares of the company’s stock worth $484,000 after purchasing an additional 2,049 shares during the period.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Down 0.3%

Shares of Flaherty & Crumrine Dynamic Preferred and Income Fund stock opened at $20.39 on Thursday. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a one year low of $19.56 and a one year high of $22.11. The stock’s fifty day moving average is $20.67 and its 200 day moving average is $20.94.

Flaherty & Crumrine Dynamic Preferred and Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 24th will be issued a $0.1295 dividend. This represents a c) dividend on an annualized basis and a yield of 7.6%. The ex-dividend date of this dividend is Friday, July 24th.

Flaherty & Crumrine Dynamic Preferred and Income Fund Profile

Flaherty & Crumrine Dynamic Preferred and Income Fund (NYSE: DFP) is a closed-end management investment company that seeks to provide current income and total return primarily through investments in preferred securities. The fund pursues a dynamic approach, adjusting portfolio duration and credit exposure in response to changing market conditions in order to enhance yield and manage risk. Its flexible mandate also allows allocations to common stocks, convertible securities and select debt instruments when opportunistic.

DFP’s portfolio generally comprises U.S.