Flaherty & Crumrine Total Return Fund (NYSE:FLC) Stock Price Passes Below 50-Day Moving Average – What’s Next?

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) shares crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $16.94 and traded as low as $16.66. Flaherty & Crumrine Total Return Fund shares last traded at $16.7650, with a volume of 25,028 shares traded.

Flaherty & Crumrine Total Return Fund Price Performance

The stock’s 50-day simple moving average is $16.94 and its two-hundred day simple moving average is $17.34.

Flaherty & Crumrine Total Return Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 24th will be given a $0.1047 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date is Friday, July 24th.

Hedge Funds Weigh In On Flaherty & Crumrine Total Return Fund

A number of hedge funds and other institutional investors have recently modified their holdings of FLC. Cetera Investment Advisers bought a new position in shares of Flaherty & Crumrine Total Return Fund during the second quarter worth $199,000. Invesco Ltd. boosted its position in shares of Flaherty & Crumrine Total Return Fund by 2.4% during the second quarter. Invesco Ltd. now owns 145,617 shares of the company’s stock worth $2,475,000 after acquiring an additional 3,386 shares during the last quarter. Baird Financial Group Inc. boosted its position in shares of Flaherty & Crumrine Total Return Fund by 105.6% during the second quarter. Baird Financial Group Inc. now owns 41,340 shares of the company’s stock worth $703,000 after acquiring an additional 21,232 shares during the last quarter. Osaic Holdings Inc. boosted its position in shares of 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 worth $292,000 after acquiring an additional 629 shares during the last quarter. Finally, Ceera Investments LLC boosted its position in shares of Flaherty & Crumrine Total Return Fund by 28.3% during the third quarter. Ceera Investments LLC now owns 29,730 shares of the company’s stock worth $530,000 after acquiring an additional 6,560 shares during the last quarter.

About Flaherty & Crumrine Total Return Fund

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.