Flaherty & Crumrine Total Return Fund (NYSE:FLC) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $16.51 and traded as high as $16.88. Flaherty & Crumrine Total Return Fund shares last traded at $16.79, with a volume of 34,372 shares traded.

Flaherty & Crumrine Total Return Fund Stock Up 0.2 %

The firm’s 50 day moving average price is $16.75 and its two-hundred day moving average price is $16.52.

Flaherty & Crumrine Total Return Fund Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 24th will be paid a $0.0343 dividend. This represents a $0.41 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend is Friday, January 24th.

Hedge Funds Weigh In On Flaherty & Crumrine Total Return Fund

Several institutional investors and hedge funds have recently made changes to their positions in FLC. Kovitz Investment Group Partners LLC acquired a new stake in Flaherty & Crumrine Total Return Fund in the third quarter valued at $980,000. Pathstone Holdings LLC lifted its position in shares of Flaherty & Crumrine Total Return Fund by 153.9% in the 3rd quarter. Pathstone Holdings LLC now owns 88,513 shares of the company’s stock worth $1,531,000 after buying an additional 53,648 shares during the last quarter. Catalina Capital Group LLC bought a new position in shares of Flaherty & Crumrine Total Return Fund in the 3rd quarter worth about $178,000. MRA Advisory Group acquired a new position in shares of Flaherty & Crumrine Total Return Fund in the 3rd quarter valued at about $177,000. Finally, HighTower Advisors LLC grew its position in shares of Flaherty & Crumrine Total Return Fund by 36.0% during the 3rd quarter. HighTower Advisors LLC now owns 21,042 shares of the company’s stock valued at $363,000 after buying an additional 5,574 shares during the last quarter.

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.