Flaherty & Crumrine Total Return Fund (NYSE:FLC) Stock Passes Below Fifty Day Moving Average – Here’s What Happened

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) shares crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $16.97 and traded as low as $16.90. Flaherty & Crumrine Total Return Fund shares last traded at $16.90, with a volume of 15,390 shares trading hands.

Flaherty & Crumrine Total Return Fund Price Performance

The stock’s 50 day simple moving average is $16.97 and its two-hundred day simple moving average is $16.94.

Flaherty & Crumrine Total Return Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 23rd will be given a $0.0937 dividend. This represents a $1.12 annualized dividend and a yield of 6.70%. The ex-dividend date of this dividend is Wednesday, April 23rd.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Guggenheim Capital LLC raised its position in shares of Flaherty & Crumrine Total Return Fund by 67.9% during the fourth quarter. Guggenheim Capital LLC now owns 32,625 shares of the company’s stock worth $545,000 after acquiring an additional 13,194 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Flaherty & Crumrine Total Return Fund during the 4th quarter valued at about $333,000. Invesco Ltd. lifted its position in Flaherty & Crumrine Total Return Fund by 4.0% during the 4th quarter. Invesco Ltd. now owns 143,839 shares of the company’s stock valued at $2,402,000 after purchasing an additional 5,473 shares during the period. Wedbush Securities Inc. bought a new position in shares of Flaherty & Crumrine Total Return Fund in the 4th quarter valued at about $167,000. Finally, Sit Investment Associates Inc. grew its position in shares of Flaherty & Crumrine Total Return Fund by 123.8% during the 4th quarter. Sit Investment Associates Inc. now owns 559,576 shares of the company’s stock worth $9,345,000 after buying an additional 309,585 shares during the period.

About Flaherty & Crumrine Total Return Fund

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.