HighTower Advisors LLC Has $324,000 Holdings in Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC)

HighTower Advisors LLC trimmed its position in shares of Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) by 7.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,424 shares of the company’s stock after selling 1,618 shares during the quarter. HighTower Advisors LLC’s holdings in Flaherty & Crumrine Total Return Fund were worth $324,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of FLC. Hennion & Walsh Asset Management Inc. bought a new stake in Flaherty & Crumrine Total Return Fund during the 4th quarter worth approximately $278,000. Sowell Financial Services LLC boosted its stake in Flaherty & Crumrine Total Return Fund by 5.9% in the fourth quarter. Sowell Financial Services LLC now owns 208,369 shares of the company’s stock worth $3,480,000 after purchasing an additional 11,651 shares in the last quarter. Noble Wealth Management PBC bought a new stake in shares of Flaherty & Crumrine Total Return Fund during the fourth quarter worth $2,468,000. MeadowBrook Investment Advisors LLC increased its stake in shares of Flaherty & Crumrine Total Return Fund by 67.9% in the fourth quarter. MeadowBrook Investment Advisors LLC now owns 2,720 shares of the company’s stock valued at $45,000 after buying an additional 1,100 shares in the last quarter. Finally, Independent Advisor Alliance bought a new position in shares of Flaherty & Crumrine Total Return Fund in the fourth quarter valued at about $1,389,000.

Flaherty & Crumrine Total Return Fund Trading Up 0.0 %

Shares of NYSE FLC opened at $16.79 on Wednesday. Flaherty & Crumrine Total Return Fund Inc. has a 12-month low of $14.51 and a 12-month high of $17.48. The firm’s 50-day simple moving average is $16.96 and its 200 day simple moving average is $16.94.

Flaherty & Crumrine Total Return Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 23rd will be paid a dividend of $0.0937 per share. The ex-dividend date is Wednesday, April 23rd. This represents a $1.12 annualized dividend and a dividend yield of 6.70%.

About Flaherty & Crumrine Total Return Fund

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.