Fiera Capital Corp Increases Stake in Flaherty & Crumrine Total Return Fund Inc. $FLC

Fiera Capital Corp raised its holdings in Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) by 114.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 70,401 shares of the company’s stock after buying an additional 37,558 shares during the period. Fiera Capital Corp’s holdings in Flaherty & Crumrine Total Return Fund were worth $1,232,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Global Retirement Partners LLC acquired a new stake in shares of Flaherty & Crumrine Total Return Fund in the fourth quarter valued at $57,000. Cetera Investment Advisers purchased a new stake in Flaherty & Crumrine Total Return Fund during the 2nd quarter worth about $199,000. Seven Mile Advisory acquired a new stake in Flaherty & Crumrine Total Return Fund in the 3rd quarter valued at about $230,000. Wedbush Securities Inc. boosted its stake in shares of Flaherty & Crumrine Total Return Fund by 50.5% in the 3rd quarter. Wedbush Securities Inc. now owns 15,050 shares of the company’s stock valued at $268,000 after buying an additional 5,050 shares during the period. Finally, Osaic Holdings Inc. grew its position in shares of 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 worth $292,000 after buying an additional 629 shares in the last quarter.

Flaherty & Crumrine Total Return Fund Stock Performance

FLC stock opened at $16.71 on Wednesday. The company’s 50 day moving average price is $16.93 and its 200 day moving average price is $17.28. Flaherty & Crumrine Total Return Fund Inc. has a fifty-two week low of $15.89 and a fifty-two week high of $18.09.

Flaherty & Crumrine Total Return Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 24th will be given 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 dividend yield of 7.5%.

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.