Cwm LLC has decreased its investment in the Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE: DFP) by 25.4% during the first quarter of the year. According to HoldingsChannel, the firm now holds 2,152 shares after selling 732 shares in the reporting period. This adjustment brings the total value of Cwm LLC’s holdings to approximately $44,000.
Several other hedge funds have also made significant changes to their positions in the Flaherty & Crumrine fund. For instance, Janney Montgomery Scott LLC increased its stake by 2.6%, acquiring an additional 604 shares to own a total of 23,956 shares, valued at about $485,000.
Envestnet Asset Management Inc. also expanded its holdings by 1.3% during the previous quarter, bringing its total to 60,108 shares worth approximately $1,199,000. Similarly, Bank of America Corp DE reported a 12.7% increase in its investment, now owning 12,213 shares valued at around $244,000 after acquiring 1,380 shares.
Seamount Financial Group Inc. boosted its holdings by 4.0%, now owning 51,063 shares worth about $1,034,000 following the purchase of 1,959 shares during the same quarter. Additionally, Farther Finance Advisors LLC entered the market with a new stake valued at approximately $51,000.
Recent Performance of Flaherty & Crumrine Fund
As of the latest trading session, Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. opened at $20.68. The fund has experienced fluctuations over the past year, with a low of $18.20 and a high of $21.73. Its 50-day moving average stands at $20.47, while the 200-day moving average is at $20.23.
The Flaherty & Crumrine Dynamic Preferred and Income Fund operates as a closed-ended balanced mutual fund, managed by Flaherty & Crumrine Incorporated. The fund strategically invests in global public equity and fixed income markets, focusing on a diverse range of sectors.
For those interested in keeping up with hedge fund activities related to Flaherty & Crumrine, HoldingsChannel provides access to the latest 13F filings and insider trades. This information can offer insights into the evolving landscape of investment in the Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (NYSE: DFP).
