Bruderman Asset Management LLC Takes Position in Flaherty & Crumrine Total Return Fd Inc (FLC)
Bruderman Asset Management LLC bought a new stake in shares of Flaherty & Crumrine Total Return Fd Inc (NYSE:FLC) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 6,485 shares of the company’s stock, valued at approximately $145,000. Bruderman Asset Management LLC owned approximately 0.07% of Flaherty & Crumrine Total Return Fd as of its most recent filing with the Securities & Exchange Commission.
Separately, Cambridge Investment Research Advisors Inc. purchased a new position in Flaherty & Crumrine Total Return Fd during the second quarter valued at $282,000.
Flaherty & Crumrine Total Return Fd Inc (FLC) traded up 0.1357% during trading on Friday, reaching $21.5492. 5,319 shares of the company traded hands. Flaherty & Crumrine Total Return Fd Inc has a 52 week low of $18.41 and a 52 week high of $22.51. The firm has a 50-day moving average price of $21.49 and a 200-day moving average price of $21.50.
The business also recently disclosed a monthly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 22nd will be given a dividend of $0.126 per share. This represents a $1.51 dividend on an annualized basis and a yield of 7.03%. The ex-dividend date of this dividend is Thursday, September 21st.
About Flaherty & Crumrine Total Return Fd
Flaherty & Crumrine Total Return Fund Incorporated is a diversified, closed-end management investment company. The Fund’s primary investment objective is to provide its common shareholders with high current income. The Fund’s secondary investment objective is capital appreciation. The Fund may invest in unrated securities that the Fund’s investment advisor deems to be comparable in quality to rated issues in which the Fund is authorized to invest.
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