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

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC)’s share price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $16.80 and traded as low as $16.55. Flaherty & Crumrine Total Return Fund shares last traded at $16.64, with a volume of 29,920 shares trading hands.

Flaherty & Crumrine Total Return Fund Price Performance

The business’s fifty day simple moving average is $16.80 and its 200 day simple moving average is $17.00.

Flaherty & Crumrine Total Return Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 23rd will be paid a $0.1067 dividend. The ex-dividend date is Friday, October 23rd. This represents a c) annualized dividend and a dividend yield of 7.7%.

Institutional Trading of Flaherty & Crumrine Total Return Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FLC. Osaic Holdings Inc. raised its stake in Flaherty & Crumrine Total Return Fund by 3.8% during the 2nd quarter. Osaic Holdings Inc. now owns 17,196 shares of the company’s stock worth $292,000 after buying an additional 629 shares during the period. Wells Fargo & Company MN grew its stake in Flaherty & Crumrine Total Return Fund by 9.6% in the fourth quarter. Wells Fargo & Company MN now owns 22,518 shares of the company’s stock valued at $394,000 after acquiring an additional 1,967 shares during the period. Advisors Asset Management Inc. increased its holdings in shares of Flaherty & Crumrine Total Return Fund by 0.8% during the fourth quarter. Advisors Asset Management Inc. now owns 238,459 shares of the company’s stock valued at $4,173,000 after acquiring an additional 2,002 shares in the last quarter. Global Retirement Partners LLC bought a new stake in shares of Flaherty & Crumrine Total Return Fund during the fourth quarter valued at approximately $57,000. Finally, Invesco Ltd. raised 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 purchasing an additional 3,386 shares during the period.

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.