Flaherty & Crumrine Total Return Fund (NYSE:FLC) Shares Cross Below Fifty Day Moving Average – Here’s Why

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) shares crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $17.03 and traded as low as $16.91. Flaherty & Crumrine Total Return Fund shares last traded at $16.9950, with a volume of 28,891 shares.

Flaherty & Crumrine Total Return Fund Stock Performance

The stock’s 50 day moving average is $17.03 and its two-hundred day moving average is $17.38.

Flaherty & Crumrine Total Return Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 24th will be paid a dividend of $0.1047 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date of this dividend is Friday, July 24th.

Institutional Investors Weigh In On Flaherty & Crumrine Total Return Fund

A number of institutional investors and hedge funds have recently modified their holdings of the business. Sit Investment Associates Inc. raised its stake in shares of Flaherty & Crumrine Total Return Fund by 6.9% during the fourth quarter. Sit Investment Associates Inc. now owns 1,039,130 shares of the company’s stock worth $18,185,000 after buying an additional 66,761 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in Flaherty & Crumrine Total Return Fund by 0.8% during the fourth quarter. Advisors Asset Management Inc. now owns 238,459 shares of the company’s stock valued at $4,173,000 after purchasing an additional 2,002 shares during the period. Hennion & Walsh Asset Management Inc. grew its holdings in Flaherty & Crumrine Total Return Fund by 57.0% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 158,784 shares of the company’s stock valued at $2,779,000 after purchasing an additional 57,626 shares during the period. Invesco Ltd. grew its holdings in Flaherty & Crumrine Total Return Fund by 2.4% during the second quarter. Invesco Ltd. now owns 145,617 shares of the company’s stock valued at $2,475,000 after purchasing an additional 3,386 shares during the period. Finally, LPL Financial LLC grew its holdings in Flaherty & Crumrine Total Return Fund by 11.9% during the fourth quarter. LPL Financial LLC now owns 145,027 shares of the company’s stock valued at $2,538,000 after purchasing an additional 15,375 shares during the period.

Flaherty & Crumrine Total Return Fund Company 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.