Westside Investment Management Inc. Makes New $33,000 Investment in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP)

Westside Investment Management Inc. bought a new position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,667 shares of the company’s stock, valued at approximately $33,000.

Other large investors have also recently bought and sold shares of the company. Kovitz Investment Group Partners LLC purchased a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund in the third quarter valued at $4,911,000. International Assets Investment Management LLC grew 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 purchasing an additional 170,724 shares during the period. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 138.4% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 45,825 shares of the company’s stock valued at $914,000 after purchasing an additional 26,601 shares in the last quarter. Raymond James & Associates boosted its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 1.9% during the third quarter. Raymond James & Associates now owns 745,709 shares of the company’s stock worth $16,033,000 after buying an additional 13,668 shares in the last quarter. Finally, Fiduciary Alliance LLC acquired a new stake in Flaherty & Crumrine Dynamic Preferred and Income Fund during the fourth quarter valued at $206,000.

Flaherty & Crumrine Dynamic Preferred and Income Fund Price Performance

DFP stock opened at $20.40 on Thursday. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a 52-week low of $17.78 and a 52-week high of $21.73. The company’s 50-day simple moving average is $20.29 and its 200-day simple moving average is $20.36.

Flaherty & Crumrine Dynamic Preferred and Income Fund Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 24th will be given a $0.032 dividend. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.88%. 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.