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

Koshinski Asset Management Inc. cut its holdings in Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) by 50.0% in the 1st quarter, HoldingsChannel reports. The fund owned 12,560 shares of the company’s stock after selling 12,560 shares during the period. Koshinski Asset Management Inc.’s holdings in Flaherty & Crumrine Total Return Fund were worth $194,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Matisse Capital grew its holdings in Flaherty & Crumrine Total Return Fund by 87.7% in the first quarter. Matisse Capital now owns 77,505 shares of the company’s stock valued at $1,198,000 after purchasing an additional 36,219 shares during the period. Relative Value Partners Group LLC purchased a new stake in Flaherty & Crumrine Total Return Fund during the fourth quarter worth approximately $885,000. ORG Partners LLC acquired a new stake in Flaherty & Crumrine Total Return Fund in the 1st quarter valued at $37,000. Finally, MeadowBrook Investment Advisors LLC acquired a new stake in shares of Flaherty & Crumrine Total Return Fund in the fourth quarter valued at about $31,000.

Flaherty & Crumrine Total Return Fund Price Performance

Shares of FLC stock traded up $0.11 on Friday, hitting $15.89. The stock had a trading volume of 6,213 shares, compared to its average volume of 32,175. The stock’s 50 day moving average is $15.42 and its 200-day moving average is $15.15. Flaherty & Crumrine Total Return Fund Inc. has a 52-week low of $12.62 and a 52-week high of $16.03.

Flaherty & Crumrine Total Return Fund Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, May 31st. Shareholders of record on Thursday, May 23rd were paid a dividend of $0.0897 per share. This represents a yield of 6.97%. The ex-dividend date was Wednesday, May 22nd. This is a positive change from Flaherty & Crumrine Total Return Fund’s previous dividend of $0.08.

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.