Flaherty & Crumrine Total Return Fund (NYSE:FLC) Stock Price Breaks Above 50 Day Moving Average – What’s Next?

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) crossed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $15.85 and traded as high as $15.89. Flaherty & Crumrine Total Return Fund shares last traded at $15.89, with a volume of 16,002 shares traded.

Flaherty & Crumrine Total Return Fund Trading Up 1.8%

The stock’s 50-day moving average price is $15.85 and its 200-day moving average price is $16.76.

Flaherty & Crumrine Total Return Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 20th will be paid a dividend of $0.1067 per share. The ex-dividend date is Friday, November 20th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 8.1%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Global Retirement Partners LLC acquired a new position in Flaherty & Crumrine Total Return Fund in the second quarter valued at approximately $57,000. Noble Wealth Management PBC boosted its stake in shares of Flaherty & Crumrine Total Return Fund by 3.8% during the 2nd quarter. Noble Wealth Management PBC now owns 225,747 shares of the company’s stock worth $3,815,000 after purchasing an additional 8,257 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of Flaherty & Crumrine Total Return Fund by 45.5% in the 1st quarter. Cetera Investment Advisers now owns 28,839 shares of the company’s stock valued at $479,000 after purchasing an additional 9,014 shares during the last quarter. Wedbush Securities Inc. acquired a new stake in Flaherty & Crumrine Total Return Fund in the third quarter valued at approximately $197,000. Finally, Readystate Asset Management LP bought a new position in shares of Flaherty & Crumrine Total Return Fund in the 2nd quarter worth about $261,000.

Flaherty & Crumrine Total Return Fund Company Profile

Flaherty & Crumrine Total Return Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol FLC. The fund is managed by Flaherty & Crumrine Incorporated, an investment adviser specializing in preferred securities and related income-producing investments.

FLC seeks to provide investors with current income and long-term total return. Its portfolio primarily consists of preferred securities and debt securities issued by companies in sectors such as financial services, utilities, telecommunications and other corporate industries.