Flaherty & Crumrine Dynamic Preferred and Income Fund (NYSE:DFP) Shares Cross Below Fifty Day Moving Average – Here’s What Happened

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) passed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $19.16 and traded as low as $19.08. Flaherty & Crumrine Dynamic Preferred and Income Fund shares last traded at $19.1150, with a volume of 56,287 shares traded.

Flaherty & Crumrine Dynamic Preferred and Income Fund Trading Down 1.4%

The company has a 50-day moving average of $19.16 and a 200 day moving average of $20.43.

Flaherty & Crumrine Dynamic Preferred and Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be given a $0.1314 dividend. This represents a $1.58 dividend on an annualized basis and a yield of 8.2%. The ex-dividend date is Friday, November 20th.

Institutional Investors Weigh In On Flaherty & Crumrine Dynamic Preferred and Income Fund

Large investors have recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 24.7% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 218,689 shares of the company’s stock worth $4,520,000 after buying an additional 43,356 shares in the last quarter. Wedbush Securities Inc. raised its position in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 397.0% in the second quarter. Wedbush Securities Inc. now owns 63,120 shares of the company’s stock valued at $1,013,000 after purchasing an additional 50,420 shares during the period. Janney Montgomery Scott LLC lifted its position in Flaherty & Crumrine Dynamic Preferred and Income Fund by 19.1% during the first quarter. Janney Montgomery Scott LLC now owns 42,192 shares of the company’s stock worth $847,000 after acquiring an additional 6,757 shares during the last quarter. Private Advisor Group LLC boosted its stake in Flaherty & Crumrine Dynamic Preferred and Income Fund by 2.8% in the 1st quarter. Private Advisor Group LLC now owns 39,931 shares of the company’s stock valued at $801,000 after purchasing an additional 1,069 shares during the period. Finally, Capital Analysts LLC grew its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 6.3% in the second quarter. Capital Analysts LLC now owns 36,343 shares of the company’s stock valued at $751,000 after acquiring an additional 2,149 shares in the last quarter.

Flaherty & Crumrine Dynamic Preferred and Income Fund Company Profile

Flaherty & Crumrine Dynamic Preferred and Income Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol DFP. The fund seeks to provide investors with current income and, to a lesser extent, capital appreciation by investing primarily in preferred securities and other income-producing investments. The fund’s portfolio may include preferred stocks, hybrid securities, and debt instruments issued by companies in the financial services, utilities, telecommunications, industrial, and other sectors.