Flaherty & Crumrine Total Return Fund (NYSE:FLC) Share Price Passes Below Fifty Day Moving Average – Should You Sell?

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) passed 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 traded.

Flaherty & Crumrine Total Return Fund Stock Down 0.7 %

The business has a 50 day simple moving average of $16.97 and a 200-day simple moving average of $16.94.

Flaherty & Crumrine Total Return Fund Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $1.12 annualized dividend and a dividend yield of 6.65%.

Hedge Funds Weigh In On Flaherty & Crumrine Total Return Fund

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Sit Investment Associates Inc. boosted its holdings in shares of Flaherty & Crumrine Total Return Fund by 123.8% in the 4th quarter. Sit Investment Associates Inc. now owns 559,576 shares of the company’s stock valued at $9,345,000 after purchasing an additional 309,585 shares during the last quarter. Noble Wealth Management PBC acquired a new stake in Flaherty & Crumrine Total Return Fund during the fourth quarter worth about $2,468,000. Independent Advisor Alliance purchased a new position in shares of Flaherty & Crumrine Total Return Fund in the 4th quarter worth about $1,389,000. Kovitz Investment Group Partners LLC acquired a new position in shares of Flaherty & Crumrine Total Return Fund in the 3rd quarter valued at about $980,000. Finally, Pathstone Holdings LLC grew its holdings in shares of Flaherty & Crumrine Total Return Fund by 153.9% during the 3rd quarter. Pathstone Holdings LLC now owns 88,513 shares of the company’s stock worth $1,531,000 after purchasing an additional 53,648 shares during the period.

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.