Flaherty & Crumrine Total Return Fund (NYSE:FLC) Stock Price Crosses Below 50 Day Moving Average – Here’s What Happened

by · The Markets Daily

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC – Get Free Report)’s stock price crossed below its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $16.54 and traded as low as $15.64. Flaherty & Crumrine Total Return Fund shares last traded at $15.76, with a volume of 48,864 shares traded.

Flaherty & Crumrine Total Return Fund Stock Performance

The company’s 50 day simple moving average is $16.54 and its 200-day simple moving average is $16.77.

Flaherty & Crumrine Total Return Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 23rd will be given a dividend of $0.1067 per share. The ex-dividend date is Friday, October 23rd. This represents a $1.28 dividend on an annualized basis and a yield of 8.1%.

Institutional Investors Weigh In On Flaherty & Crumrine Total Return Fund

Large investors have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC purchased a new stake in Flaherty & Crumrine Total Return Fund during the 4th quarter valued at $57,000. Noble Wealth Management PBC grew its holdings in shares of Flaherty & Crumrine Total Return Fund by 3.8% in the second quarter. Noble Wealth Management PBC now owns 225,747 shares of the company’s stock worth $3,815,000 after acquiring an additional 8,257 shares during the period. Cetera Investment Advisers increased its position in Flaherty & Crumrine Total Return Fund by 45.5% during the first quarter. Cetera Investment Advisers now owns 28,839 shares of the company’s stock valued at $479,000 after acquiring an additional 9,014 shares during the last quarter. Readystate Asset Management LP purchased a new stake in Flaherty & Crumrine Total Return Fund during the second quarter valued at $261,000. Finally, Susquehanna International Group LLP purchased a new stake in Flaherty & Crumrine Total Return Fund during the second quarter valued at $297,000.

About Flaherty & Crumrine Total Return Fund

(Get Free Report)

Flaherty & Crumrine Total Return Fund (NYSE:FLC) is a closed-end management investment company designed to provide investors with total return through a combination of current income and capital appreciation. The fund is managed by Flaherty & Crumrine Incorporated, an investment adviser specializing in preferred securities and related income-oriented investments.

FLC invests primarily in preferred securities and other income-producing securities, including securities issued by companies in sectors such as financial services, utilities and real estate.

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