Flaherty & Crumrine Total Return Fund (NYSE:FLC) Stock Price Passes Above 50 Day Moving Average – Here’s What Happened

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $16.82 and traded as high as $16.84. Flaherty & Crumrine Total Return Fund shares last traded at $16.82, with a volume of 13,943 shares.

Flaherty & Crumrine Total Return Fund Trading Up 0.8%

The stock has a fifty day simple moving average of $16.82 and a two-hundred day simple moving average of $17.12.

Flaherty & Crumrine Total Return Fund Announces Dividend

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

Institutional Trading of Flaherty & Crumrine Total Return Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of FLC. Osaic Holdings Inc. increased its holdings in shares of 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 worth $292,000 after purchasing an additional 629 shares during the period. Wells Fargo & Company MN boosted its stake in Flaherty & Crumrine Total Return Fund by 9.6% during the fourth quarter. Wells Fargo & Company MN now owns 22,518 shares of the company’s stock valued at $394,000 after buying an additional 1,967 shares during the period. Advisors Asset Management Inc. boosted its stake in Flaherty & Crumrine Total Return Fund by 0.8% during the fourth quarter. Advisors Asset Management Inc. now owns 238,459 shares of the company’s stock valued at $4,173,000 after buying an additional 2,002 shares during the period. Global Retirement Partners LLC purchased a new position in Flaherty & Crumrine Total Return Fund during the fourth quarter worth about $57,000. Finally, Invesco Ltd. grew its position in 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 buying an additional 3,386 shares in the last quarter.

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.