Thurston Springer Miller Herd & Titak Inc. Invests $154,000 in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP)

Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,704 shares of the company’s stock, valued at approximately $154,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its holdings 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 valued at $126,000 after acquiring an additional 1,197 shares during the last quarter. Aviance Capital Partners LLC bought a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund during the third quarter valued at $203,000. Fiduciary Alliance LLC acquired a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the fourth quarter worth $206,000. Concurrent Investment Advisors LLC lifted its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 6.0% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 16,332 shares of the company’s stock worth $351,000 after buying an additional 921 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund in the 3rd quarter valued at about $413,000.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Up 0.0 %

Shares of NYSE:DFP opened at $20.34 on Friday. The firm has a 50-day simple moving average of $20.30 and a 200 day simple moving average of $20.32. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a fifty-two week low of $17.78 and a fifty-two week high of $21.73.

Flaherty & Crumrine Dynamic Preferred and Income Fund Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 24th will be given a dividend of $0.032 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Friday, January 24th.

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.