Hennion & Walsh Asset Management Inc. Has $2.78 Million Stake in Flaherty & Crumrine Total Return Fund Inc. $FLC

Hennion & Walsh Asset Management Inc. lifted its stake in Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) by 57.0% during the fourth quarter, Holdings Channel reports. The fund owned 158,784 shares of the company’s stock after acquiring an additional 57,626 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Flaherty & Crumrine Total Return Fund were worth $2,779,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Capital Investment Advisors LLC bought a new stake in Flaherty & Crumrine Total Return Fund during the third quarter worth approximately $181,000. Cetera Investment Advisers bought a new position in shares of Flaherty & Crumrine Total Return Fund in the second quarter valued at approximately $199,000. Seven Mile Advisory acquired a new stake in shares of Flaherty & Crumrine Total Return Fund in the third quarter worth $230,000. Wedbush Securities Inc. lifted its stake in shares of Flaherty & Crumrine Total Return Fund by 50.5% in the third quarter. Wedbush Securities Inc. now owns 15,050 shares of the company’s stock worth $268,000 after buying an additional 5,050 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its holdings in shares of Flaherty & Crumrine Total Return Fund by 3.8% during the 2nd quarter. Osaic Holdings Inc. now owns 17,196 shares of the company’s stock worth $292,000 after buying an additional 629 shares during the period.

Flaherty & Crumrine Total Return Fund Trading Up 1.5%

NYSE:FLC opened at $16.59 on Wednesday. Flaherty & Crumrine Total Return Fund Inc. has a 1 year low of $14.80 and a 1 year high of $18.09. The firm’s fifty day simple moving average is $17.47 and its 200 day simple moving average is $17.53.

Flaherty & Crumrine Total Return Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 23rd will be issued a dividend of $0.1037 per share. This represents a c) dividend on an annualized basis and a yield of 7.5%. The ex-dividend date is Thursday, April 23rd.

Flaherty & Crumrine Total Return Fund Profile

Flaherty & Crumrine Total Return Fund Inc (NYSE: FLC) is a closed-end management investment company that seeks to deliver total return through a combination of current income and capital appreciation. The fund principally invests in preferred and other hybrid securities issued by financial services companies, including banks, insurance firms and real estate investment trusts. Listed on the New York Stock Exchange, FLC employs a diversified portfolio approach to access the preferred securities market and generate an attractive income stream for shareholders.

The fund’s investment strategy emphasizes preferred stocks, with at least 65% of its managed assets directed toward these instruments.