Seamount Financial Group Inc. Cuts Stock Holdings in Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC)

Seamount Financial Group Inc. lowered its stake in Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) by 8.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,790 shares of the company’s stock after selling 1,888 shares during the quarter. Seamount Financial Group Inc.’s holdings in Flaherty & Crumrine Total Return Fund were worth $347,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in FLC. Catalina Capital Group LLC bought a new position in Flaherty & Crumrine Total Return Fund during the third quarter valued at approximately $178,000. Northwestern Mutual Wealth Management Co. increased its position 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 worth $165,000 after purchasing an additional 1,100 shares during the last quarter. Hennion & Walsh Asset Management Inc. purchased a new stake in Flaherty & Crumrine Total Return Fund during the fourth quarter valued at $278,000. HighTower Advisors LLC lifted its position 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 last quarter. Finally, Kovitz Investment Group Partners LLC purchased a new position in shares of Flaherty & Crumrine Total Return Fund in the 3rd quarter worth $980,000.

Flaherty & Crumrine Total Return Fund Stock Performance

Shares of NYSE FLC opened at $17.07 on Friday. Flaherty & Crumrine Total Return Fund Inc. has a 12-month low of $14.51 and a 12-month high of $17.48. The firm’s 50-day moving average price is $16.81 and its 200-day moving average price is $16.74.

Flaherty & Crumrine Total Return Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 23rd will be paid a $0.0937 dividend. This represents a $1.12 annualized dividend and a dividend yield of 6.59%. The ex-dividend date is Wednesday, April 23rd.

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.