Noble Wealth Management PBC Has $2.71 Million Stake in Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC)

Noble Wealth Management PBC grew its stake in shares of Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) by 9.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 161,245 shares of the company’s stock after purchasing an additional 13,478 shares during the quarter. Flaherty & Crumrine Total Return Fund makes up 1.8% of Noble Wealth Management PBC’s portfolio, making the stock its 10th largest holding. Noble Wealth Management PBC’s holdings in Flaherty & Crumrine Total Return Fund were worth $2,706,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. MeadowBrook Investment Advisors LLC grew its holdings in Flaherty & Crumrine Total Return Fund by 67.9% in the 4th quarter. MeadowBrook Investment Advisors LLC now owns 2,720 shares of the company’s stock worth $45,000 after buying an additional 1,100 shares in the last quarter. Wedbush Securities Inc. bought a new position in Flaherty & Crumrine Total Return Fund in the 4th quarter worth approximately $167,000. Raymond James Financial Inc. bought a new position in Flaherty & Crumrine Total Return Fund in the 4th quarter worth approximately $333,000. Guggenheim Capital LLC grew its holdings in Flaherty & Crumrine Total Return Fund by 67.9% in the 4th quarter. Guggenheim Capital LLC now owns 32,625 shares of the company’s stock worth $545,000 after buying an additional 13,194 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in Flaherty & Crumrine Total Return Fund by 101.4% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 33,500 shares of the company’s stock worth $562,000 after buying an additional 16,866 shares in the last quarter.

Flaherty & Crumrine Total Return Fund Price Performance

Shares of FLC stock opened at $16.83 on Thursday. Flaherty & Crumrine Total Return Fund Inc. has a 12-month low of $14.80 and a 12-month high of $17.48. The business has a 50 day simple moving average of $16.35 and a 200 day simple moving average of $16.68.

Flaherty & Crumrine Total Return Fund Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 26th were issued a $0.0957 dividend. This represents a yield of 6.88%. This is a positive change from Flaherty & Crumrine Total Return Fund’s previous dividend of $0.09. The ex-dividend date of this dividend was Friday, May 23rd.

Flaherty & Crumrine Total Return Fund Company Profile

Flaherty & Crumrine Total Return Fund Inc is a closed-ended balanced mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in stocks of companies operating across utilities and banking sectors.