Flaherty & Crumrine Total Return Fund (NYSE:FLC) Stock Breaks Below 50 Day Moving Average – What’s Next?

by · The Cerbat Gem

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC – Get Free Report) shares crossed below its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $16.18 and traded as low as $15.48. Flaherty & Crumrine Total Return Fund shares last traded at $15.6250, with a volume of 129,446 shares trading hands.

Flaherty & Crumrine Total Return Fund Price Performance

The business has a 50-day moving average of $16.18 and a 200 day moving average of $16.63.

Flaherty & Crumrine Total Return Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 23rd will be paid a $0.1067 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 8.2%. The ex-dividend date of this dividend is Friday, October 23rd.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FLC. Noble Wealth Management PBC lifted its position in Flaherty & Crumrine Total Return Fund by 5.0% in the 3rd quarter. Noble Wealth Management PBC now owns 237,041 shares of the company’s stock valued at $3,733,000 after acquiring an additional 11,294 shares in the last quarter. Readystate Asset Management LP bought a new position in shares of Flaherty & Crumrine Total Return Fund in the second quarter valued at approximately $261,000. Susquehanna International Group LLP purchased a new stake in shares of Flaherty & Crumrine Total Return Fund during the second quarter valued at approximately $297,000. Bank of America Corp DE bought a new position in Flaherty & Crumrine Total Return Fund in the 2nd quarter valued at $4,414,000. Finally, Global Retirement Partners LLC purchased a new position in shares of Flaherty & Crumrine Total Return Fund in the 2nd quarter worth about $57,000.

About Flaherty & Crumrine Total Return Fund

(Get Free Report)

Flaherty & Crumrine Total Return Fund (NYSE: FLC) is a closed-end investment company that seeks to provide total return through a combination of current income and capital appreciation. The fund invests primarily in preferred securities and other income-producing investments.

FLC’s portfolio may include preferred stocks, hybrid securities, corporate debt, and other fixed-income instruments. The fund generally emphasizes securities issued by companies in the financial services sector, while also investing across other industries and in issuers based in the United States and other countries.

The fund is managed by Flaherty & Crumrine Incorporated, an investment adviser specializing in preferred securities and related income-oriented investments.

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