Flaherty & Crumrine Total Return Fund (NYSE:FLC) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $16.51 and traded as high as $16.88. Flaherty & Crumrine Total Return Fund shares last traded at $16.79, with a volume of 34,372 shares changing hands.

Flaherty & Crumrine Total Return Fund Stock Performance

The business’s 50 day simple moving average is $16.75 and its 200-day simple moving average is $16.52.

Flaherty & Crumrine Total Return Fund Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 24th will be given a dividend of $0.0343 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $0.41 annualized dividend and a dividend yield of 2.45%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Pathstone Holdings LLC boosted its holdings in shares of Flaherty & Crumrine Total Return Fund by 153.9% in the third quarter. Pathstone Holdings LLC now owns 88,513 shares of the company’s stock valued at $1,531,000 after acquiring an additional 53,648 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in Flaherty & Crumrine Total Return Fund in the third quarter worth approximately $980,000. HighTower Advisors LLC lifted its position in Flaherty & Crumrine Total Return Fund by 36.0% in the third quarter. HighTower Advisors LLC now owns 21,042 shares of the company’s stock worth $363,000 after purchasing an additional 5,574 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in Flaherty & Crumrine Total Return Fund by 11.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,636 shares of the company’s stock valued at $165,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Catalina Capital Group LLC acquired a new position in shares of Flaherty & Crumrine Total Return Fund during the 3rd quarter valued at $178,000.

About Flaherty & Crumrine Total Return Fund

Flaherty & Crumrine Total Return Fund Inc is a closed-ended balanced mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in stocks of companies operating across utilities and banking sectors.