Wolverine Asset Management LLC Sells 21,865 Shares of Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP)

Wolverine Asset Management LLC trimmed its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE:DFP) by 40.7% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 31,815 shares of the company’s stock after selling 21,865 shares during the quarter. Wolverine Asset Management LLC’s holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund were worth $565,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Raymond James & Associates increased its holdings in Flaherty & Crumrine Dynamic Preferred and Income Fund by 14.8% in the 3rd quarter. Raymond James & Associates now owns 611,245 shares of the company’s stock worth $10,251,000 after buying an additional 78,677 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 4th quarter valued at about $2,624,000. RPO LLC bought a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 3rd quarter valued at about $1,455,000. Cambridge Investment Research Advisors Inc. grew its stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund by 7.1% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 77,258 shares of the company’s stock valued at $1,296,000 after purchasing an additional 5,120 shares during the period. Finally, Revisor Wealth Management LLC bought a new stake in shares of Flaherty & Crumrine Dynamic Preferred and Income Fund during the 3rd quarter valued at about $936,000.

Flaherty & Crumrine Dynamic Preferred and Income Fund Stock Performance

Flaherty & Crumrine Dynamic Preferred and Income Fund stock opened at $18.07 on Friday. The business has a 50-day simple moving average of $18.66 and a two-hundred day simple moving average of $17.86. Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. has a 52-week low of $15.45 and a 52-week high of $19.31.

Flaherty & Crumrine Dynamic Preferred and Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, May 23rd will be given a dividend of $0.1107 per share. The ex-dividend date is Wednesday, May 22nd. This represents a $1.33 dividend on an annualized basis and a dividend yield of 7.35%.

Flaherty & Crumrine Dynamic Preferred and Income Fund Company Profile

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.