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

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $17.58 and traded as low as $17.10. Flaherty & Crumrine Total Return Fund shares last traded at $17.1320, with a volume of 19,742 shares.

Flaherty & Crumrine Total Return Fund Stock Up 0.2%

The firm has a 50 day simple moving average of $17.66 and a two-hundred day simple moving average of $17.58.

Flaherty & Crumrine Total Return Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 23rd will be paid a $0.1037 dividend. The ex-dividend date of this dividend is Thursday, April 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Global Retirement Partners LLC bought a new stake in Flaherty & Crumrine Total Return Fund in the fourth quarter valued at approximately $57,000. PNC Financial Services Group Inc. acquired a new position in shares of Flaherty & Crumrine Total Return Fund in the 2nd quarter valued at $180,000. Capital Investment Advisors LLC bought a new stake in shares of Flaherty & Crumrine Total Return Fund in the 3rd quarter valued at $181,000. Cetera Investment Advisers bought a new stake in shares of Flaherty & Crumrine Total Return Fund in the 2nd quarter valued at $199,000. Finally, Kovack Advisors Inc. bought a new stake in shares of Flaherty & Crumrine Total Return Fund in the 4th quarter valued at $226,000.

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.