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) shares crossed below its 50-day moving average during trading on Friday . The stock has a 50-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 Stock Performance

The stock’s 50 day simple moving average is $16.94 and its 200-day simple moving average is $17.34.

Flaherty & Crumrine Total Return Fund Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Fiera Capital Corp acquired a new position in Flaherty & Crumrine Total Return Fund during the 3rd quarter valued at approximately $585,000. Hennion & Walsh Asset Management Inc. increased its stake in Flaherty & Crumrine Total Return Fund by 57.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 158,784 shares of the company’s stock valued at $2,779,000 after purchasing an additional 57,626 shares in the last quarter. Advisors Asset Management Inc. increased its stake in Flaherty & Crumrine Total Return Fund by 29.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 236,457 shares of the company’s stock valued at $4,214,000 after purchasing an additional 53,087 shares in the last quarter. Ceera Investments LLC increased its stake in Flaherty & Crumrine Total Return Fund by 28.3% during the 3rd quarter. Ceera Investments LLC now owns 29,730 shares of the company’s stock valued at $530,000 after purchasing an additional 6,560 shares in the last quarter. Finally, LPL Financial LLC increased its stake in Flaherty & Crumrine Total Return Fund by 11.9% during the 4th quarter. LPL Financial LLC now owns 145,027 shares of the company’s stock valued at $2,538,000 after purchasing an additional 15,375 shares in 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.