Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Stake Increased by Sowell Financial Services LLC

Sowell Financial Services LLC raised its holdings in shares of Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) by 5.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 208,369 shares of the company’s stock after purchasing an additional 11,651 shares during the period. Sowell Financial Services LLC’s holdings in Flaherty & Crumrine Total Return Fund were worth $3,480,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in FLC. MeadowBrook Investment Advisors LLC grew its position in shares of Flaherty & Crumrine Total Return Fund by 67.9% during the fourth quarter. MeadowBrook Investment Advisors LLC now owns 2,720 shares of the company’s stock worth $45,000 after acquiring an additional 1,100 shares during the last quarter. Hennion & Walsh Asset Management Inc. acquired a new stake in Flaherty & Crumrine Total Return Fund in the 4th quarter valued at about $278,000. Raymond James Financial Inc. acquired a new stake in Flaherty & Crumrine Total Return Fund during the 4th quarter worth about $333,000. HighTower Advisors LLC raised its holdings in Flaherty & Crumrine Total Return Fund by 36.0% during the 3rd quarter. HighTower Advisors LLC now owns 21,042 shares of the company’s stock worth $363,000 after buying an additional 5,574 shares during the period. Finally, Kovitz Investment Group Partners LLC acquired a new stake in Flaherty & Crumrine Total Return Fund during the 3rd quarter worth about $980,000.

Flaherty & Crumrine Total Return Fund Stock Performance

NYSE FLC opened at $16.88 on Monday. Flaherty & Crumrine Total Return Fund Inc. has a 1 year low of $14.51 and a 1 year high of $17.48. The stock’s 50-day moving average price is $16.93 and its two-hundred day moving average price is $16.92.

Flaherty & Crumrine Total Return Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 23rd will be issued a $0.0937 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.66%.

Flaherty & Crumrine Total Return Fund 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.