Closed End Fund Advisors Inc. Invests $789,000 in Flaherty & Crumrine Total Return Fund Inc. $FLC

Closed End Fund Advisors Inc. bought a new position in shares of Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 45,067 shares of the company’s stock, valued at approximately $789,000.

A number of other institutional investors have also made changes to their positions in the company. Ceera Investments LLC lifted its position in shares of Flaherty & Crumrine Total Return Fund by 19.6% during the fourth quarter. Ceera Investments LLC now owns 35,570 shares of the company’s stock worth $622,000 after purchasing an additional 5,840 shares in the last quarter. Global Retirement Partners LLC acquired a new position in shares of Flaherty & Crumrine Total Return Fund during the fourth quarter worth $57,000. Hennion & Walsh Asset Management Inc. lifted its position in shares of Flaherty & Crumrine Total Return Fund by 57.0% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 158,784 shares of the company’s stock worth $2,779,000 after purchasing an additional 57,626 shares in the last quarter. Pathstone Holdings LLC lifted its position in shares of Flaherty & Crumrine Total Return Fund by 8.2% during the third quarter. Pathstone Holdings LLC now owns 119,566 shares of the company’s stock worth $2,131,000 after purchasing an additional 9,104 shares in the last quarter. Finally, Seven Mile Advisory acquired a new position in shares of Flaherty & Crumrine Total Return Fund during the third quarter worth $230,000.

Flaherty & Crumrine Total Return Fund Price Performance

NYSE FLC opened at $16.72 on Friday. The company’s fifty day simple moving average is $16.92 and its 200-day simple moving average is $17.29. Flaherty & Crumrine Total Return Fund Inc. has a 52 week low of $15.89 and a 52 week high of $18.09.

Flaherty & Crumrine Total Return Fund Announces Dividend

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

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.