Flaherty & Crumrine Total Return Fund Inc. $FLC Stock Position Raised by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. lifted its position in Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) by 57.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 158,784 shares of the company’s stock after buying an additional 57,626 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Flaherty & Crumrine Total Return Fund were worth $2,779,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Capital Investment Advisors LLC bought a new position in Flaherty & Crumrine Total Return Fund during the third quarter valued at approximately $181,000. Cetera Investment Advisers bought a new stake in Flaherty & Crumrine Total Return Fund in the second quarter worth approximately $199,000. Seven Mile Advisory bought a new stake in Flaherty & Crumrine Total Return Fund in the third quarter worth approximately $230,000. Wedbush Securities Inc. increased its stake in shares of Flaherty & Crumrine Total Return Fund by 50.5% during the 3rd quarter. Wedbush Securities Inc. now owns 15,050 shares of the company’s stock worth $268,000 after purchasing an additional 5,050 shares during the last quarter. Finally, Osaic Holdings Inc. increased its stake in shares of Flaherty & Crumrine Total Return Fund by 3.8% during the 2nd quarter. Osaic Holdings Inc. now owns 17,196 shares of the company’s stock worth $292,000 after purchasing an additional 629 shares during the last quarter.

Flaherty & Crumrine Total Return Fund Stock Performance

Flaherty & Crumrine Total Return Fund stock opened at $16.59 on Wednesday. Flaherty & Crumrine Total Return Fund Inc. has a 1-year low of $14.80 and a 1-year high of $18.09. The firm’s fifty day simple moving average is $17.47 and its 200-day simple moving average is $17.53.

Flaherty & Crumrine Total Return Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 23rd will be issued a dividend of $0.1037 per share. This represents a c) annualized dividend and a yield of 7.5%. The ex-dividend date is Thursday, April 23rd.

Flaherty & Crumrine Total Return Fund 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.