Flaherty & Crumrine Total Return Fund (NYSE:FLC) Stock Price Crosses Below 50-Day Moving Average – Time to Sell?

Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC)’s stock price crossed below its fifty day moving average during trading on Monday . The stock has a fifty 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 Trading Down 0.8 %

The business has a 50-day moving average of $16.72 and a 200-day moving average of $16.66.

Flaherty & Crumrine Total Return Fund Cuts Dividend

The business also recently disclosed 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%.

Hedge Funds Weigh In On Flaherty & Crumrine Total Return Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its position in shares of Flaherty & Crumrine Total Return Fund by 11.5% during 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 period. MRA Advisory Group bought a new stake in Flaherty & Crumrine Total Return Fund in the 3rd quarter valued at $177,000. Catalina Capital Group LLC acquired a new position in shares of Flaherty & Crumrine Total Return Fund in the 3rd quarter valued at $178,000. Hennion & Walsh Asset Management Inc. bought a new position in Flaherty & Crumrine Total Return Fund during the fourth quarter worth about $278,000. Finally, HighTower Advisors LLC lifted its position in shares of 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.

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.