Flaherty & Crumrine Total Return Fund (NYSE:FLC) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $17.58 and traded as low as $17.10. Flaherty & Crumrine Total Return Fund shares last traded at $17.1320, with a volume of 19,742 shares trading hands.

Flaherty & Crumrine Total Return Fund Price Performance

The company has a 50 day moving average price of $17.66 and a 200 day moving average price of $17.58.

Flaherty & Crumrine Total Return Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 23rd will be issued a $0.1037 dividend. The ex-dividend date is Thursday, April 23rd. This represents a c) annualized dividend and a yield of 7.3%.

Institutional Trading of Flaherty & Crumrine Total Return Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Global Retirement Partners LLC acquired a new position in Flaherty & Crumrine Total Return Fund during the 4th quarter valued at about $57,000. PNC Financial Services Group Inc. bought a new stake in shares of Flaherty & Crumrine Total Return Fund during the second quarter worth approximately $180,000. Capital Investment Advisors LLC acquired a new position in Flaherty & Crumrine Total Return Fund in the third quarter valued at approximately $181,000. Cetera Investment Advisers acquired a new position in Flaherty & Crumrine Total Return Fund in the second quarter valued at approximately $199,000. Finally, Kovack Advisors Inc. bought a new position in Flaherty & Crumrine Total Return Fund in the fourth quarter valued at approximately $226,000.

About Flaherty & Crumrine Total Return Fund

Flaherty & Crumrine Total Return Fund Inc (NYSE: FLC) is a closed-end management investment company that seeks to deliver total return through a combination of current income and capital appreciation. The fund principally invests in preferred and other hybrid securities issued by financial services companies, including banks, insurance firms and real estate investment trusts. Listed on the New York Stock Exchange, FLC employs a diversified portfolio approach to access the preferred securities market and generate an attractive income stream for shareholders.

The fund’s investment strategy emphasizes preferred stocks, with at least 65% of its managed assets directed toward these instruments.