Flaherty & Crumrine Total Return Fund (NYSE:FLC) Shares Cross Below 50 Day Moving Average – Time to Sell?

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLCGet Free Report)’s share price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $16.91 and traded as low as $16.84. Flaherty & Crumrine Total Return Fund shares last traded at $16.8850, with a volume of 14,795 shares trading hands.

Flaherty & Crumrine Total Return Fund Price Performance

The business’s 50-day moving average is $16.91 and its two-hundred day moving average is $17.31.

Flaherty & Crumrine Total Return Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, July 31st. Investors 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 yield of 7.4%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Global Retirement Partners LLC bought a new position in Flaherty & Crumrine Total Return Fund in the fourth quarter valued at $57,000. Cetera Investment Advisers acquired a new position in Flaherty & Crumrine Total Return Fund during the second quarter worth $199,000. Kovack Advisors Inc. acquired a new position in Flaherty & Crumrine Total Return Fund during the fourth quarter worth $226,000. Seven Mile Advisory acquired a new position in Flaherty & Crumrine Total Return Fund during the third quarter worth $230,000. Finally, Wedbush Securities Inc. increased its holdings in Flaherty & Crumrine Total Return Fund by 50.5% during the third quarter. Wedbush Securities Inc. now owns 15,050 shares of the company’s stock worth $268,000 after buying an additional 5,050 shares during the last quarter.

Flaherty & Crumrine Total Return Fund Company Profile

(Get Free Report)

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.

Further Reading

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