Closed End Fund Advisors Inc. Purchases New Stake in Flaherty & Crumrine Total Return Fund Inc. $FLC

Closed End Fund Advisors Inc. purchased a new stake in Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 45,067 shares of the company’s stock, valued at approximately $789,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Osaic Holdings Inc. raised 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 acquiring an additional 629 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Flaherty & Crumrine Total Return Fund during the fourth quarter worth $57,000. Invesco Ltd. raised its holdings in shares of Flaherty & Crumrine Total Return Fund by 2.4% during the second quarter. Invesco Ltd. now owns 145,617 shares of the company’s stock worth $2,475,000 after purchasing an additional 3,386 shares during the period. Wedbush Securities Inc. raised its holdings in shares of Flaherty & Crumrine Total Return Fund by 50.5% during the third 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 period. Finally, Ceera Investments LLC raised its holdings in shares of Flaherty & Crumrine Total Return Fund by 19.6% during the fourth quarter. Ceera Investments LLC now owns 35,570 shares of the company’s stock worth $622,000 after purchasing an additional 5,840 shares during the period.

Flaherty & Crumrine Total Return Fund Price Performance

Shares of NYSE:FLC opened at $16.72 on Friday. Flaherty & Crumrine Total Return Fund Inc. has a 1-year low of $15.89 and a 1-year high of $18.09. The company’s fifty day moving average is $16.92 and its two-hundred day moving average is $17.29.

Flaherty & Crumrine Total Return Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 24th will be issued a dividend of $0.1047 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend is Friday, July 24th.

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.