HighTower Advisors LLC Grows Position in Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC)

HighTower Advisors LLC grew its position in shares of Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) by 36.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,042 shares of the company’s stock after acquiring an additional 5,574 shares during the quarter. HighTower Advisors LLC’s holdings in Flaherty & Crumrine Total Return Fund were worth $363,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Catalina Capital Group LLC purchased a new position in Flaherty & Crumrine Total Return Fund during the third quarter worth about $178,000. MRA Advisory Group bought a new position in shares of Flaherty & Crumrine Total Return Fund during the 3rd quarter worth approximately $177,000. Matisse Capital boosted its stake in shares of Flaherty & Crumrine Total Return Fund by 23.0% in the 2nd quarter. Matisse Capital now owns 95,300 shares of the company’s stock worth $1,481,000 after buying an additional 17,795 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Flaherty & Crumrine Total Return Fund by 11.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,636 shares of the company’s stock valued at $165,000 after acquiring an additional 1,100 shares in the last quarter. Finally, Pathstone Holdings LLC increased its position in shares of Flaherty & Crumrine Total Return Fund by 153.9% during the third quarter. Pathstone Holdings LLC now owns 88,513 shares of the company’s stock valued at $1,531,000 after acquiring an additional 53,648 shares during the last quarter.

Flaherty & Crumrine Total Return Fund Trading Up 0.7 %

Shares of Flaherty & Crumrine Total Return Fund stock opened at $16.67 on Monday. The business’s fifty day simple moving average is $16.86 and its 200 day simple moving average is $16.45. Flaherty & Crumrine Total Return Fund Inc. has a 12 month low of $14.50 and a 12 month high of $17.48.

Flaherty & Crumrine Total Return Fund Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be paid a dividend of $0.0343 per share. This represents a $0.41 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date is Monday, December 23rd.

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.