Flaherty & Crumrine Total Return Fund (NYSE:FLC) Stock Price Passes Below Fifty Day Moving Average – Should You Sell?

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $16.72 and traded as low as $16.55. Flaherty & Crumrine Total Return Fund shares last traded at $16.86, with a volume of 19,023 shares traded.

Flaherty & Crumrine Total Return Fund Price Performance

The firm’s 50-day simple moving average is $16.72 and its two-hundred day simple moving average is $16.66.

Flaherty & Crumrine Total Return Fund Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 24th will be paid a $0.0343 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $0.41 annualized dividend and a dividend yield of 2.43%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. increased its holdings in 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 purchasing an additional 1,100 shares during the last quarter. MRA Advisory Group bought a new stake in shares of Flaherty & Crumrine Total Return Fund in the 3rd quarter valued at about $177,000. Catalina Capital Group LLC acquired a new stake in shares of Flaherty & Crumrine Total Return Fund in the 3rd quarter valued at approximately $178,000. Pathstone Holdings LLC boosted its stake 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. Finally, HighTower Advisors LLC grew its holdings in Flaherty & Crumrine Total Return Fund by 36.0% during the third 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.

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.