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) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $16.91 and traded as low as $16.84. Flaherty & Crumrine Total Return Fund shares last traded at $16.8850, with a volume of 14,795 shares changing hands.

Flaherty & Crumrine Total Return Fund Stock Down 0.4%

The stock’s fifty day moving average price is $16.91 and its 200-day moving average price is $17.30.

Flaherty & Crumrine Total Return Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 24th will be issued a $0.1047 dividend. The ex-dividend date is Friday, July 24th. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%.

Institutional Trading of Flaherty & Crumrine Total Return Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Fiera Capital Corp acquired a new stake in shares of Flaherty & Crumrine Total Return Fund in the third quarter valued at approximately $585,000. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Flaherty & Crumrine Total Return Fund by 57.0% in 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 last quarter. Advisors Asset Management Inc. raised its holdings in shares of Flaherty & Crumrine Total Return Fund by 29.0% in the third quarter. Advisors Asset Management Inc. now owns 236,457 shares of the company’s stock valued at $4,214,000 after purchasing an additional 53,087 shares during the last quarter. Wedbush Securities Inc. raised its holdings 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 valued at $268,000 after purchasing an additional 5,050 shares during the last quarter. Finally, Ceera Investments LLC raised its holdings in shares of Flaherty & Crumrine Total Return Fund by 28.3% in the third quarter. Ceera Investments LLC now owns 29,730 shares of the company’s stock valued at $530,000 after purchasing an additional 6,560 shares during the last quarter.

About Flaherty & Crumrine Total Return Fund

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.