Aviance Capital Partners LLC Raises Position in Flaherty & Crumrine Dynmc Prf&Inm Fd Inc (DFP)

Aviance Capital Partners LLC increased its stake in Flaherty & Crumrine Dynmc Prf&Inm Fd Inc (NYSE:DFP) by 3.1% during the 1st quarter, Holdings Channel reports. The firm owned 61,748 shares of the company’s stock after buying an additional 1,880 shares during the period. Aviance Capital Partners LLC’s holdings in Flaherty & Crumrine Dynmc Prf&Inm Fd were worth $1,467,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DFP. Advisor Group Inc. raised its position in Flaherty & Crumrine Dynmc Prf&Inm Fd by 45.2% in the fourth quarter. Advisor Group Inc. now owns 1,814 shares of the company’s stock worth $37,000 after acquiring an additional 565 shares during the period. Squar Milner Financial Services LLC bought a new position in Flaherty & Crumrine Dynmc Prf&Inm Fd in the first quarter worth approximately $123,000. Cullen Frost Bankers Inc. bought a new position in Flaherty & Crumrine Dynmc Prf&Inm Fd in the first quarter worth approximately $126,000. Advisory Resource Group bought a new position in Flaherty & Crumrine Dynmc Prf&Inm Fd in the fourth quarter worth approximately $217,000. Finally, Fiera Capital Corp raised its position in Flaherty & Crumrine Dynmc Prf&Inm Fd by 5.9% in the fourth quarter. Fiera Capital Corp now owns 13,158 shares of the company’s stock worth $268,000 after acquiring an additional 731 shares during the period.

DFP opened at $24.40 on Friday. Flaherty & Crumrine Dynmc Prf&Inm Fd Inc has a 1-year low of $19.05 and a 1-year high of $24.80.

The company also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 21st will be given a dividend of $0.143 per share. The ex-dividend date of this dividend is Thursday, June 20th. This represents a $1.72 annualized dividend and a dividend yield of 7.03%.

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About Flaherty & Crumrine Dynmc Prf&Inm Fd

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.

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Institutional Ownership by Quarter for Flaherty & Crumrine Dynmc Prf&Inm Fd (NYSE:DFP)

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