Corient Private Wealth LLC Invests $602,000 in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. $DFP

Corient Private Wealth LLC purchased a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 28,978 shares of the company’s stock, valued at approximately $602,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Triumph Capital Management purchased a new position in Flaherty & Crumrine Dynamic Preferred and Income Fund during the third quarter valued at approximately $92,000. International Assets Investment Management LLC purchased a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund in the 4th quarter worth approximately $141,000. Kestra Advisory Services LLC acquired a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 4th quarter valued at $158,000. Stance Capital LLC acquired a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 3rd quarter valued at $182,000. Finally, Readystate Asset Management LP acquired a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 4th quarter valued at $224,000.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Performance

Flaherty & Crumrine Dynamic Preferred and Income Fund stock opened at $20.73 on Friday. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a 12 month low of $19.56 and a 12 month high of $22.11. The company’s fifty day simple moving average is $20.57 and its 200-day simple moving average is $20.89.

Flaherty & Crumrine Dynamic Preferred and Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 24th will be paid a $0.1295 dividend. The ex-dividend date is Friday, July 24th. This represents a c) dividend on an annualized basis and a yield of 7.5%.

Flaherty & Crumrine Dynamic Preferred and Income Fund Company 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.