Sit Investment Associates Inc. Has $9.35 Million Stake in Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC)

Sit Investment Associates Inc. raised its stake in Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) by 123.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 559,576 shares of the company’s stock after acquiring an additional 309,585 shares during the quarter. Sit Investment Associates Inc.’s holdings in Flaherty & Crumrine Total Return Fund were worth $9,345,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. MeadowBrook Investment Advisors LLC lifted its stake in Flaherty & Crumrine Total Return Fund by 67.9% in the 4th quarter. MeadowBrook Investment Advisors LLC now owns 2,720 shares of the company’s stock valued at $45,000 after purchasing an additional 1,100 shares during the last quarter. Hennion & Walsh Asset Management Inc. bought a new position in shares of Flaherty & Crumrine Total Return Fund in the 4th quarter valued at $278,000. Raymond James Financial Inc. acquired a new stake in shares of Flaherty & Crumrine Total Return Fund during the 4th quarter valued at $333,000. HighTower Advisors LLC grew its position in 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 acquiring an additional 5,574 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new position in Flaherty & Crumrine Total Return Fund in the 3rd quarter worth about $980,000.

Flaherty & Crumrine Total Return Fund Price Performance

Shares of FLC stock opened at $15.63 on Friday. The business’s 50-day moving average price is $16.92 and its 200-day moving average price is $16.92. Flaherty & Crumrine Total Return Fund Inc. has a 12 month low of $14.51 and a 12 month high of $17.48.

Flaherty & Crumrine Total Return Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 23rd will be issued a dividend of $0.0937 per share. This represents a $1.12 dividend on an annualized basis and a yield of 7.19%. The ex-dividend date is Wednesday, April 23rd.

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.