Flaherty & Crumrine Total Return Fund (NYSE:FLC) Stock Passes Below Fifty Day Moving Average – Here’s What Happened

Shares of Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $16.97 and traded as low as $16.90. Flaherty & Crumrine Total Return Fund shares last traded at $16.90, with a volume of 15,390 shares trading hands.

Flaherty & Crumrine Total Return Fund Price Performance

The company has a 50-day moving average price of $16.97 and a 200-day moving average price of $16.94.

Flaherty & Crumrine Total Return Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 23rd will be given a dividend of $0.0937 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $1.12 annualized dividend and a dividend yield of 6.70%.

Institutional Trading of Flaherty & Crumrine Total Return Fund

A number of institutional investors and hedge funds have recently modified their holdings of FLC. MeadowBrook Investment Advisors LLC grew its holdings in Flaherty & Crumrine Total Return Fund by 67.9% during the fourth quarter. MeadowBrook Investment Advisors LLC now owns 2,720 shares of the company’s stock valued at $45,000 after purchasing an additional 1,100 shares during the period. Wedbush Securities Inc. bought a new position in shares of Flaherty & Crumrine Total Return Fund during the fourth quarter worth $167,000. Hennion & Walsh Asset Management Inc. acquired a new position in shares of Flaherty & Crumrine Total Return Fund in the 4th quarter valued at $278,000. Raymond James Financial Inc. acquired a new position in shares of Flaherty & Crumrine Total Return Fund in the 4th quarter valued at $333,000. Finally, HighTower Advisors LLC increased its position in shares of Flaherty & Crumrine Total Return Fund by 36.0% in the 3rd quarter. HighTower Advisors LLC now owns 21,042 shares of the company’s stock valued at $363,000 after buying an additional 5,574 shares in the last quarter.

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.