MeadowBrook Investment Advisors LLC Makes New Investment in Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC)

MeadowBrook Investment Advisors LLC bought a new stake in Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,140 shares of the company’s stock, valued at approximately $31,000.

Other institutional investors have also recently made changes to their positions in the company. HighTower Advisors LLC lifted its stake in Flaherty & Crumrine Total Return Fund by 63.7% in the third quarter. HighTower Advisors LLC now owns 24,313 shares of the company’s stock worth $319,000 after purchasing an additional 9,463 shares during the last quarter. Koshinski Asset Management Inc. grew its position in Flaherty & Crumrine Total Return Fund by 100.0% in the 4th quarter. Koshinski Asset Management Inc. now owns 25,120 shares of the company’s stock valued at $365,000 after acquiring an additional 12,560 shares during the last quarter. Saba Capital Management L.P. bought a new stake in shares of Flaherty & Crumrine Total Return Fund during the third quarter worth $615,000. AQR Arbitrage LLC lifted its holdings in Flaherty & Crumrine Total Return Fund by 364.3% during the 3rd quarter. AQR Arbitrage LLC now owns 68,465 shares of the company’s stock valued at $937,000 after buying an additional 53,719 shares in the last quarter. Finally, Wolverine Asset Management LLC boosted its position in Flaherty & Crumrine Total Return Fund by 211.1% in the 3rd quarter. Wolverine Asset Management LLC now owns 94,613 shares of the company’s stock valued at $1,295,000 after buying an additional 64,196 shares during the period.

Flaherty & Crumrine Total Return Fund Stock Performance

Shares of Flaherty & Crumrine Total Return Fund stock traded up $0.05 on Tuesday, hitting $15.35. 13,428 shares of the company traded hands, compared to its average volume of 37,649. Flaherty & Crumrine Total Return Fund Inc. has a 52 week low of $12.62 and a 52 week high of $15.50. The stock’s 50 day moving average price is $15.07 and its 200-day moving average price is $14.65.

Flaherty & Crumrine Total Return Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Thursday, May 23rd will be issued a dividend of $0.0897 per share. This represents a $1.08 annualized dividend and a yield of 7.01%. The ex-dividend date is Wednesday, May 22nd.

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.