Flaherty & Crumrine Total Return Fund (NYSE:FLC) Share Price Breaks Above 50 Day Moving Average – Here’s What Happened

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC – Get Free Report) passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $15.85 and traded as high as $15.89. Flaherty & Crumrine Total Return Fund shares last traded at $15.89, with a volume of 16,002 shares trading hands.

Flaherty & Crumrine Total Return Fund Stock Performance

The stock has a 50-day simple moving average of $15.85 and a 200-day simple moving average of $16.76.

Flaherty & Crumrine Total Return Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 20th will be issued a $0.1067 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 8.1%. The ex-dividend date is Friday, November 20th.

Institutional Investors Weigh In On Flaherty & Crumrine Total Return Fund

Large investors have recently modified their holdings of the stock. Hennion & Walsh Asset Management Inc. lifted its position in Flaherty & Crumrine Total Return Fund by 21.2% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 241,468 shares of the company’s stock worth $4,081,000 after buying an additional 42,263 shares during the last quarter. Bank of America Corp DE purchased a new position in shares of Flaherty & Crumrine Total Return Fund during the second quarter valued at approximately $4,414,000. Susquehanna International Group LLP purchased a new position in shares of Flaherty & Crumrine Total Return Fund in the second quarter worth approximately $297,000. Wedbush Securities Inc. purchased a new position in Flaherty & Crumrine Total Return Fund during the third quarter valued at $197,000. Finally, Noble Wealth Management PBC raised its stake in Flaherty & Crumrine Total Return Fund by 5.0% during the 3rd quarter. Noble Wealth Management PBC now owns 237,041 shares of the company’s stock worth $3,733,000 after acquiring an additional 11,294 shares during the period.

Flaherty & Crumrine Total Return Fund Company Profile

(Get Free Report)

Flaherty & Crumrine Total Return Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol FLC. The fund is managed by Flaherty & Crumrine Incorporated, an investment adviser specializing in preferred securities and related income-producing investments.

FLC seeks to provide investors with current income and long-term total return. Its portfolio primarily consists of preferred securities and debt securities issued by companies in sectors such as financial services, utilities, telecommunications and other corporate industries.

Further Reading

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