Flaherty & Crumrine Total Return Fund (NYSE:FLC) Share Price Passes Below Fifty Day Moving Average – Time to Sell?

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) shares passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $16.89 and traded as low as $16.88. Flaherty & Crumrine Total Return Fund shares last traded at $16.95, with a volume of 19,379 shares traded.

Flaherty & Crumrine Total Return Fund Price Performance

The firm’s 50-day moving average is $16.89 and its 200-day moving average is $17.21.

Flaherty & Crumrine Total Return Fund Dividend Announcement

The firm also recently disclosed 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. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date of this dividend is Friday, July 24th.

Institutional Investors Weigh In On Flaherty & Crumrine Total Return Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Osaic Holdings Inc. lifted its position in Flaherty & Crumrine Total Return Fund by 3.8% in the 2nd 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. Wells Fargo & Company MN increased its holdings in Flaherty & Crumrine Total Return Fund by 9.6% during the 4th quarter. Wells Fargo & Company MN now owns 22,518 shares of the company’s stock worth $394,000 after purchasing an additional 1,967 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in Flaherty & Crumrine Total Return Fund by 0.8% during the 4th quarter. Advisors Asset Management Inc. now owns 238,459 shares of the company’s stock worth $4,173,000 after purchasing an additional 2,002 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in shares of Flaherty & Crumrine Total Return Fund in the fourth quarter worth approximately $57,000. Finally, Invesco Ltd. raised its stake in shares of Flaherty & Crumrine Total Return Fund by 2.4% in 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 last quarter.

About Flaherty & Crumrine Total Return Fund

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.