Flaherty & Crumrine Total Return Fund (NYSE:FLC) Stock Crosses Above 50-Day Moving Average of $15.09

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLCGet Free Report) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $15.09 and traded as high as $15.31. Flaherty & Crumrine Total Return Fund shares last traded at $15.24, with a volume of 12,008 shares traded.

Flaherty & Crumrine Total Return Fund Price Performance

The stock’s 50 day moving average price is $15.09 and its 200-day moving average price is $14.75.

Flaherty & Crumrine Total Return Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, May 23rd will be paid a $0.0897 dividend. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 7.06%.

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. HighTower Advisors LLC boosted its position in shares of Flaherty & Crumrine Total Return Fund by 63.7% during the third quarter. HighTower Advisors LLC now owns 24,313 shares of the company’s stock worth $319,000 after acquiring an additional 9,463 shares during the last quarter. Wolverine Asset Management LLC boosted its position in shares of Flaherty & Crumrine Total Return Fund by 211.1% during the third quarter. Wolverine Asset Management LLC now owns 94,613 shares of the company’s stock worth $1,295,000 after acquiring an additional 64,196 shares during the last quarter. Saba Capital Management L.P. bought a new position in shares of Flaherty & Crumrine Total Return Fund during the third quarter worth $615,000. AQR Arbitrage LLC boosted its position in shares of Flaherty & Crumrine Total Return Fund by 364.3% during the third quarter. AQR Arbitrage LLC now owns 68,465 shares of the company’s stock worth $937,000 after acquiring an additional 53,719 shares during the last quarter. Finally, Koshinski Asset Management Inc. boosted its position in shares of Flaherty & Crumrine Total Return Fund by 100.0% during the fourth quarter. Koshinski Asset Management Inc. now owns 25,120 shares of the company’s stock worth $365,000 after acquiring an additional 12,560 shares during the last quarter.

Flaherty & Crumrine Total Return Fund Company Profile

(Get Free Report)

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.

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