Pathway Financial Advisers LLC Lowers Stock Position in Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC)

Pathway Financial Advisers LLC decreased its position in shares of Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) by 16.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,447 shares of the company’s stock after selling 4,317 shares during the quarter. Pathway Financial Advisers LLC’s holdings in Flaherty & Crumrine Total Return Fund were worth $388,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. ORG Partners LLC purchased a new stake in Flaherty & Crumrine Total Return Fund in the 1st quarter valued at approximately $37,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Flaherty & Crumrine Total Return Fund by 11.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,636 shares of the company’s stock worth $165,000 after buying an additional 1,100 shares during the last quarter. MRA Advisory Group acquired a new stake in shares of Flaherty & Crumrine Total Return Fund during the 3rd quarter worth $177,000. Finally, Matisse Capital increased its holdings in Flaherty & Crumrine Total Return Fund by 87.7% in the 1st quarter. Matisse Capital now owns 77,505 shares of the company’s stock valued at $1,198,000 after purchasing an additional 36,219 shares in the last quarter.

Flaherty & Crumrine Total Return Fund Trading Down 0.4 %

Shares of NYSE FLC opened at $17.01 on Friday. The stock has a fifty day moving average price of $17.04 and a 200 day moving average price of $15.96. Flaherty & Crumrine Total Return Fund Inc. has a 12-month low of $12.75 and a 12-month high of $17.48.

Flaherty & Crumrine Total Return Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.0937 per share. This is a boost from Flaherty & Crumrine Total Return Fund’s previous monthly dividend of $0.09. The ex-dividend date is Thursday, November 21st. This represents a $1.12 annualized dividend and a dividend yield of 6.61%.

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.