Flaherty & Crumrine Total Return Fund (NYSE:FLC) Share Price Crosses Below 50 Day Moving Average – Here’s Why

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC)’s share price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $16.89 and traded as low as $16.88. Flaherty & Crumrine Total Return Fund shares last traded at $16.95, with a volume of 19,379 shares traded.

Flaherty & Crumrine Total Return Fund Price Performance

The business has a 50-day moving average of $16.89 and a 200 day moving average of $17.21.

Flaherty & Crumrine Total Return Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 24th will be paid a $0.1047 dividend. The ex-dividend date is Friday, July 24th. This represents a c) annualized dividend and a dividend yield of 7.4%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FLC. Global Retirement Partners LLC bought a new position in shares of Flaherty & Crumrine Total Return Fund during the fourth quarter valued at about $57,000. Cetera Investment Advisers bought a new stake in Flaherty & Crumrine Total Return Fund in the 2nd quarter worth about $199,000. Kovack Advisors Inc. bought a new stake in Flaherty & Crumrine Total Return Fund in the 4th quarter worth about $226,000. Seven Mile Advisory purchased a new stake in Flaherty & Crumrine Total Return Fund in the 3rd quarter valued at about $230,000. Finally, Osaic Holdings Inc. increased its stake in Flaherty & Crumrine Total Return Fund by 3.8% in the 2nd quarter. Osaic Holdings Inc. now owns 17,196 shares of the company’s stock valued at $292,000 after buying an additional 629 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.