Hennion & Walsh Asset Management Inc. Makes New $278,000 Investment in Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC)

Hennion & Walsh Asset Management Inc. purchased a new stake in Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 16,634 shares of the company’s stock, valued at approximately $278,000.

A number of other institutional investors and hedge funds also recently modified their holdings of FLC. MRA Advisory Group acquired a new position in Flaherty & Crumrine Total Return Fund during the third quarter valued at approximately $177,000. Catalina Capital Group LLC bought a new position in shares of Flaherty & Crumrine Total Return Fund during the third quarter worth $178,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Flaherty & Crumrine Total Return Fund by 11.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,636 shares of the company’s stock valued at $165,000 after buying an additional 1,100 shares during the period. HighTower Advisors LLC increased its position in shares of Flaherty & Crumrine Total Return Fund by 36.0% in the 3rd quarter. HighTower Advisors LLC now owns 21,042 shares of the company’s stock valued at $363,000 after buying an additional 5,574 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new stake in Flaherty & Crumrine Total Return Fund during the 3rd quarter worth $980,000.

Flaherty & Crumrine Total Return Fund Trading Up 0.9 %

FLC stock opened at $17.00 on Wednesday. Flaherty & Crumrine Total Return Fund Inc. has a 1-year low of $14.51 and a 1-year high of $17.48. The business’s 50-day moving average price is $16.72 and its two-hundred day moving average price is $16.65.

Flaherty & Crumrine Total Return Fund Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 24th will be issued a dividend of $0.0343 per share. This represents a $0.41 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend is Friday, January 24th.

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.