16,634 Shares in Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Bought by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. acquired a new stake in Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) during the 4th quarter, Holdings Channel reports. The fund acquired 16,634 shares of the company’s stock, valued at approximately $278,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. HighTower Advisors LLC raised its stake 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 purchasing an additional 5,574 shares during the period. MRA Advisory Group bought a new position in shares of Flaherty & Crumrine Total Return Fund during the third quarter worth about $177,000. Catalina Capital Group LLC acquired a new stake in Flaherty & Crumrine Total Return Fund in the 3rd quarter valued at approximately $178,000. Northwestern Mutual Wealth Management Co. lifted its stake in 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 acquiring an additional 1,100 shares in the last quarter. Finally, Pathstone Holdings LLC boosted its position in Flaherty & Crumrine Total Return Fund by 153.9% during the 3rd quarter. Pathstone Holdings LLC now owns 88,513 shares of the company’s stock worth $1,531,000 after acquiring an additional 53,648 shares during the last quarter.

Flaherty & Crumrine Total Return Fund Stock Up 0.9 %

Shares of FLC opened at $17.00 on Wednesday. Flaherty & Crumrine Total Return Fund Inc. has a twelve month low of $14.51 and a twelve month high of $17.48. The company has a 50 day moving average of $16.72 and a 200-day moving average of $16.65.

Flaherty & Crumrine Total Return Fund Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 24th will be given a $0.0343 dividend. This represents a $0.41 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date is Friday, January 24th.

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.