Hennion & Walsh Asset Management Inc. Buys 42,263 Shares of Flaherty & Crumrine Total Return Fund Inc. $FLC

Hennion & Walsh Asset Management Inc. lifted its stake in shares of Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) by 21.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 241,468 shares of the company’s stock after acquiring an additional 42,263 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Flaherty & Crumrine Total Return Fund were worth $4,081,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sit Investment Associates Inc. increased its holdings in Flaherty & Crumrine Total Return Fund by 6.9% during the 4th quarter. Sit Investment Associates Inc. now owns 1,039,130 shares of the company’s stock worth $18,185,000 after purchasing an additional 66,761 shares during the period. Closed End Fund Advisors Inc. bought a new stake in Flaherty & Crumrine Total Return Fund during the 4th quarter valued at $789,000. Fiera Capital Corp lifted its holdings in shares of Flaherty & Crumrine Total Return Fund by 114.4% in the 4th quarter. Fiera Capital Corp now owns 70,401 shares of the company’s stock worth $1,232,000 after buying an additional 37,558 shares during the period. Ceera Investments LLC grew its position in shares of Flaherty & Crumrine Total Return Fund by 19.6% during the 4th quarter. Ceera Investments LLC now owns 35,570 shares of the company’s stock worth $622,000 after buying an additional 5,840 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of Flaherty & Crumrine Total Return Fund by 9.6% during the 4th quarter. Wells Fargo & Company MN now owns 22,518 shares of the company’s stock worth $394,000 after buying an additional 1,967 shares in the last quarter.

Flaherty & Crumrine Total Return Fund Stock Performance

Shares of Flaherty & Crumrine Total Return Fund stock opened at $16.79 on Tuesday. Flaherty & Crumrine Total Return Fund Inc. has a 12 month low of $15.89 and a 12 month high of $18.09. The stock’s fifty day moving average price is $16.81 and its 200-day moving average price is $17.09.

Flaherty & Crumrine Total Return Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 23rd will be issued a dividend of $0.1067 per share. This represents a c) annualized dividend and a yield of 7.6%. The ex-dividend date is Friday, October 23rd.

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.