BB&T Securities LLC Invests $198,000 in Flaherty & Crumrine Total Return Fd Inc (FLC) Stock

BB&T Securities LLC acquired a new stake in Flaherty & Crumrine Total Return Fd Inc (NYSE:FLC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 11,538 shares of the company’s stock, valued at approximately $198,000.

A number of other hedge funds have also recently made changes to their positions in FLC. Spence Asset Management lifted its holdings in Flaherty & Crumrine Total Return Fd by 252.6% in the 4th quarter. Spence Asset Management now owns 1,675 shares of the company’s stock valued at $29,000 after purchasing an additional 1,200 shares in the last quarter. Cohen & Steers Inc. increased its stake in shares of Flaherty & Crumrine Total Return Fd by 18.0% in the 3rd quarter. Cohen & Steers Inc. now owns 20,825 shares of the company’s stock worth $388,000 after acquiring an additional 3,181 shares during the last quarter. Robinson Capital Management LLC increased its stake in shares of Flaherty & Crumrine Total Return Fd by 32.7% in the 4th quarter. Robinson Capital Management LLC now owns 30,830 shares of the company’s stock worth $531,000 after acquiring an additional 7,595 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Flaherty & Crumrine Total Return Fd by 17.5% in the 3rd quarter. Wells Fargo & Company MN now owns 37,490 shares of the company’s stock worth $698,000 after acquiring an additional 5,595 shares during the last quarter. Finally, Sit Investment Associates Inc. increased its stake in shares of Flaherty & Crumrine Total Return Fd by 826.2% in the 4th quarter. Sit Investment Associates Inc. now owns 312,521 shares of the company’s stock worth $5,378,000 after acquiring an additional 278,779 shares during the last quarter.

Shares of FLC opened at $18.96 on Friday. Flaherty & Crumrine Total Return Fd Inc has a 52-week low of $16.35 and a 52-week high of $20.17.

The business also recently announced a monthly dividend, which was paid on Thursday, February 28th. Shareholders of record on Thursday, February 21st were paid a $0.115 dividend. This represents a $1.38 dividend on an annualized basis and a dividend yield of 7.28%. The ex-dividend date of this dividend was Wednesday, February 20th.

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Flaherty & Crumrine Total Return Fd 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.

Further Reading: What is a back-end load?

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Institutional Ownership by Quarter for Flaherty & Crumrine Total Return Fd (NYSE:FLC)

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