Sit Investment Associates Inc. lifted its holdings in shares of Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC – Free Report) by 6.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,039,130 shares of the company’s stock after acquiring an additional 66,761 shares during the quarter. Sit Investment Associates Inc.’s holdings in Flaherty & Crumrine Total Return Fund were worth $18,185,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the business. Global Retirement Partners LLC bought a new position in Flaherty & Crumrine Total Return Fund in the 4th quarter valued at $57,000. Cetera Investment Advisers bought a new stake in shares of Flaherty & Crumrine Total Return Fund during the 2nd quarter worth $199,000. Seven Mile Advisory purchased a new position in shares of Flaherty & Crumrine Total Return Fund in the 3rd quarter worth about $230,000. Kovack Advisors Inc. purchased a new position in shares of Flaherty & Crumrine Total Return Fund in the 4th quarter worth about $226,000. Finally, Osaic Holdings Inc. grew its position in 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 valued at $292,000 after buying an additional 629 shares during the period.
Flaherty & Crumrine Total Return Fund Stock Performance
NYSE FLC opened at $16.80 on Friday. Flaherty & Crumrine Total Return Fund Inc. has a 52-week low of $15.89 and a 52-week high of $18.09. The company has a 50-day simple moving average of $16.94 and a 200 day simple moving average of $17.25.
Flaherty & Crumrine Total Return Fund Announces Dividend
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.
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