Flaherty & Crumrine Total Return Fund (NYSE:FLC) Shares Cross Below 50 Day Moving Average – Time to Sell?

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) shares passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $16.91 and traded as low as $16.84. Flaherty & Crumrine Total Return Fund shares last traded at $16.8850, with a volume of 14,795 shares changing hands.

Flaherty & Crumrine Total Return Fund Stock Down 0.3%

The stock’s 50 day simple moving average is $16.91 and its two-hundred day simple moving average is $17.31.

Flaherty & Crumrine Total Return Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 24th will be paid a $0.1047 dividend. The ex-dividend date of this dividend is Friday, July 24th. This represents a c) dividend on an annualized basis and a yield of 7.4%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FLC. Global Retirement Partners LLC acquired a new stake in shares of Flaherty & Crumrine Total Return Fund in the fourth quarter valued at approximately $57,000. Cetera Investment Advisers acquired a new position in Flaherty & Crumrine Total Return Fund during the second quarter worth $199,000. Kovack Advisors Inc. bought a new position in Flaherty & Crumrine Total Return Fund in the fourth quarter valued at $226,000. Seven Mile Advisory bought a new position in Flaherty & Crumrine Total Return Fund in the third quarter valued at $230,000. Finally, Wedbush Securities Inc. grew its position in Flaherty & Crumrine Total Return Fund by 50.5% in the third quarter. Wedbush Securities Inc. now owns 15,050 shares of the company’s stock valued at $268,000 after purchasing an additional 5,050 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.