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

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) shares crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $16.94 and traded as low as $16.66. Flaherty & Crumrine Total Return Fund shares last traded at $16.7650, with a volume of 25,028 shares changing hands.

Flaherty & Crumrine Total Return Fund Trading Up 0.2%

The firm’s fifty day moving average price is $16.94 and its two-hundred day moving average price is $17.34.

Flaherty & Crumrine Total Return Fund Dividend Announcement

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

Institutional Trading of Flaherty & Crumrine Total Return Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. increased its holdings in Flaherty & Crumrine Total Return Fund by 3.8% during 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 last quarter. Wells Fargo & Company MN increased its holdings 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 last quarter. Advisors Asset Management Inc. increased its holdings 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 last quarter. Global Retirement Partners LLC purchased a new stake in Flaherty & Crumrine Total Return Fund during the fourth quarter valued at approximately $57,000. Finally, Invesco Ltd. increased its holdings 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 valued at $2,475,000 after buying an additional 3,386 shares during 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.