Flaherty & Crumrine Total Return Fund (NYSE:FLC) Shares Pass Above Fifty Day Moving Average – Time to Sell?

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC)’s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $16.81 and traded as high as $16.84. Flaherty & Crumrine Total Return Fund shares last traded at $16.7690, with a volume of 5,574 shares traded.

Flaherty & Crumrine Total Return Fund Trading Down 0.4%

The company has a fifty day simple moving average of $16.81 and a 200 day simple moving average of $17.05.

Flaherty & Crumrine Total Return Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 23rd will be given a dividend of $0.1067 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date is Friday, October 23rd.

Institutional Trading of Flaherty & Crumrine Total Return Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Global Retirement Partners LLC acquired a new position in shares of Flaherty & Crumrine Total Return Fund in the 4th quarter worth approximately $57,000. Cetera Investment Advisers acquired a new stake in shares of Flaherty & Crumrine Total Return Fund during the second quarter worth $199,000. Kovack Advisors Inc. bought a new position in Flaherty & Crumrine Total Return Fund during the fourth quarter worth $226,000. Seven Mile Advisory bought a new position in Flaherty & Crumrine Total Return Fund during the third quarter worth $230,000. Finally, Osaic Holdings Inc. lifted its holdings in Flaherty & Crumrine Total Return Fund by 3.8% in the second 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 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.