Flaherty & Crumrine Total Return Fund (NYSE:FLC) Stock Breaks Above 50-Day Moving Average – Should You Sell?

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $15.85 and traded as high as $15.89. Flaherty & Crumrine Total Return Fund shares last traded at $15.89, with a volume of 16,002 shares.

Flaherty & Crumrine Total Return Fund Trading Up 1.8%

The business has a 50-day simple moving average of $15.85 and a 200-day simple moving average of $16.76.

Flaherty & Crumrine Total Return Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 20th will be given a $0.1067 dividend. The ex-dividend date is Friday, November 20th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 8.1%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in FLC. Hennion & Walsh Asset Management Inc. increased its holdings in Flaherty & Crumrine Total Return Fund by 21.2% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 241,468 shares of the company’s stock worth $4,081,000 after acquiring an additional 42,263 shares in the last quarter. Bank of America Corp DE purchased a new position in Flaherty & Crumrine Total Return Fund during the second quarter valued at $4,414,000. Wedbush Securities Inc. purchased a new position in Flaherty & Crumrine Total Return Fund during the third quarter valued at $197,000. Noble Wealth Management PBC lifted its holdings in Flaherty & Crumrine Total Return Fund by 5.0% during the third quarter. Noble Wealth Management PBC now owns 237,041 shares of the company’s stock valued at $3,733,000 after purchasing an additional 11,294 shares in the last quarter. Finally, Readystate Asset Management LP acquired a new stake in shares of Flaherty & Crumrine Total Return Fund in the second quarter valued at about $261,000.

Flaherty & Crumrine Total Return Fund Company Profile

Flaherty & Crumrine Total Return Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol FLC. The fund is managed by Flaherty & Crumrine Incorporated, an investment adviser specializing in preferred securities and related income-producing investments.

FLC seeks to provide investors with current income and long-term total return. Its portfolio primarily consists of preferred securities and debt securities issued by companies in sectors such as financial services, utilities, telecommunications and other corporate industries.