Flaherty & Crumrine Dynamic Preferred and Income Fund
DFP
51 hedge funds and large institutions have $65M invested in Flaherty & Crumrine Dynamic Preferred and Income Fund in 2019 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 23 increasing their positions, 14 reducing their positions, and 6 closing their positions.
64% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 14
7% more capital invested
Capital invested by funds: $60.8M → $65M (+$4.21M)
0.28% more ownership
Funds ownership: 13.34% → 13.63% (+0.28%)
6% less funds holding
Funds holding: 54 → 51 (-3)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Top Buyers
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
APA
51
American Portfolios Advisors
Holbrook,
New York
| $13.6K | +$146 | +6 | +1% |
|
|
MWM
52
Meridian Wealth Management
Lexington,
Kentucky
| $3.62K | -$19.1K | -786 | -5% |
|
|
SWM
53
SeaCrest Wealth Management
Purchase,
New York
| – | -$87K | -3,665 | Closed |
|
54
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$58K | -2,440 | Closed |
|
|
FHB
55
First Hawaiian Bank
Honolulu,
Hawaii
| – | -$55K | -2,311 | Closed |
|
|
SIM
56
Sonora Investment Management
Tucson,
Arizona
| – | -$6K | -245 | Closed |
|
|
TA
57
TCG Advisors
Austin,
Texas
| – | -$1K | -54 | Closed |
|
DFP Hedge Fund Activity: Q2 2019 in Review
51 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) for Q2 2019, worth a combined $65M — up 6.9% from $60.8M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of DFP and 4 opened new positions — a net loss of 2 holders — while 14 trimmed existing stakes and 23 added.
The largest buyer was Raymond James Financial Services Advisors, adding an estimated $2.49M. The largest seller was Lucia Wealth Services, cutting an estimated $4.24M.
- 51 institutional investors held Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) as of Q2 2019, down from 54 in Q1 2019.
- Funds reported $65M of Flaherty & Crumrine Dynamic Preferred and Income Fund stock for Q2 2019, up 6.9% quarter-over-quarter.
- 4 funds opened new Flaherty & Crumrine Dynamic Preferred and Income Fund positions in Q2 2019 and 6 closed out, a net change of -2 holders.
- The largest Flaherty & Crumrine Dynamic Preferred and Income Fund buyer in Q2 2019 was Raymond James Financial Services Advisors, an estimated $2.49M added.
- The largest Flaherty & Crumrine Dynamic Preferred and Income Fund seller in Q2 2019 was Lucia Wealth Services, an estimated $4.24M sold.
Based on aggregated 13F filings for Q2 2019.