Ladenburg Thalmann Financial Services Inc. Raises Stake in Flaherty & Crumrine Dynmc Prf&Inm Fd Inc (NYSE:DFP)

Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Flaherty & Crumrine Dynmc Prf&Inm Fd Inc (NYSE:DFP) by 15.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,161 shares of the company’s stock after acquiring an additional 11,416 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Flaherty & Crumrine Dynmc Prf&Inm Fd were worth $2,180,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Steward Partners Investment Advisory LLC purchased a new position in Flaherty & Crumrine Dynmc Prf&Inm Fd during the 2nd quarter valued at about $32,000. BLB&B Advisors LLC purchased a new position in Flaherty & Crumrine Dynmc Prf&Inm Fd during the 2nd quarter valued at about $208,000. Golden State Wealth Management LLC purchased a new position in Flaherty & Crumrine Dynmc Prf&Inm Fd during the 1st quarter valued at about $235,000. Fiera Capital Corp lifted its position in Flaherty & Crumrine Dynmc Prf&Inm Fd by 5.6% during the 2nd quarter. Fiera Capital Corp now owns 11,043 shares of the company’s stock valued at $276,000 after acquiring an additional 589 shares during the period. Finally, Meridian Wealth Management LLC lifted its position in Flaherty & Crumrine Dynmc Prf&Inm Fd by 15.8% during the 1st quarter. Meridian Wealth Management LLC now owns 15,244 shares of the company’s stock valued at $362,000 after acquiring an additional 2,078 shares during the period.

NYSE DFP traded up $0.10 during trading hours on Friday, reaching $26.04. 1,616 shares of the company’s stock traded hands, compared to its average volume of 55,283. Flaherty & Crumrine Dynmc Prf&Inm Fd Inc has a 52-week low of $19.05 and a 52-week high of $26.15. The firm has a 50-day simple moving average of $25.70 and a 200 day simple moving average of $24.88.

The firm also recently declared a dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 23rd were given a dividend of $0.143 per share. The ex-dividend date of this dividend was Friday, September 20th.

Flaherty & Crumrine Dynmc Prf&Inm Fd 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.

Read More: Mutual funds are not immune from market timing

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

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