Flaherty & Crumrine Total Return Fund (NYSE:FLC) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Shares of Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $16.72 and traded as low as $16.55. Flaherty & Crumrine Total Return Fund shares last traded at $16.86, with a volume of 19,023 shares changing hands.

Flaherty & Crumrine Total Return Fund Stock Performance

The business’s 50 day simple moving average is $16.72 and its 200 day simple moving average is $16.65.

Flaherty & Crumrine Total Return Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 24th will be paid a dividend of $0.0343 per share. This represents a $0.41 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend is Friday, January 24th.

Institutional Trading of Flaherty & Crumrine Total Return Fund

A number of hedge funds have recently bought and sold shares of the company. Kovitz Investment Group Partners LLC purchased a new stake in shares of Flaherty & Crumrine Total Return Fund in the third quarter worth approximately $980,000. Pathstone Holdings LLC lifted its position 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 worth $1,531,000 after purchasing an additional 53,648 shares in the last quarter. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Flaherty & Crumrine Total Return Fund in the fourth quarter worth approximately $278,000. Catalina Capital Group LLC purchased a new stake in shares of Flaherty & Crumrine Total Return Fund in the third quarter worth approximately $178,000. Finally, MRA Advisory Group purchased a new stake in shares of Flaherty & Crumrine Total Return Fund in the third quarter worth approximately $177,000.

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.