Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Shares Sold by Wolverine Asset Management LLC

Wolverine Asset Management LLC lowered its position in Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) by 1.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 93,269 shares of the company’s stock after selling 1,344 shares during the quarter. Wolverine Asset Management LLC’s holdings in Flaherty & Crumrine Total Return Fund were worth $1,357,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in FLC. HighTower Advisors LLC increased its position in shares of Flaherty & Crumrine Total Return Fund by 63.7% in the 3rd 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. Capital Investment Advisors LLC bought a new stake in shares of Flaherty & Crumrine Total Return Fund during the 3rd quarter valued at about $162,000. Saba Capital Management L.P. bought a new stake in shares of Flaherty & Crumrine Total Return Fund during the 3rd quarter valued at about $615,000. AQR Arbitrage LLC grew its position in shares of 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 during the last quarter. Finally, Koshinski Asset Management Inc. grew its position in shares of Flaherty & Crumrine Total Return Fund by 100.0% during the 4th quarter. Koshinski Asset Management Inc. now owns 25,120 shares of the company’s stock valued at $365,000 after buying an additional 12,560 shares during the last quarter.

Flaherty & Crumrine Total Return Fund Stock Performance

NYSE FLC opened at $14.82 on Thursday. Flaherty & Crumrine Total Return Fund Inc. has a 52 week low of $12.62 and a 52 week high of $15.50. The company has a 50-day moving average price of $15.08 and a two-hundred day moving average price of $14.53.

Flaherty & Crumrine Total Return Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Thursday, May 23rd will be given a $0.0897 dividend. This represents a $1.08 annualized dividend and a yield of 7.26%. The ex-dividend date is Wednesday, May 22nd.

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.