Sit Investment Associates Inc. Has $18.18 Million Stock Position in Flaherty & Crumrine Total Return Fund Inc. $FLC

Sit Investment Associates Inc. lifted its holdings in shares of Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) by 6.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,039,130 shares of the company’s stock after acquiring an additional 66,761 shares during the period. Sit Investment Associates Inc.’s holdings in Flaherty & Crumrine Total Return Fund were worth $18,185,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Fiera Capital Corp purchased a new stake in shares of Flaherty & Crumrine Total Return Fund in the third quarter worth approximately $585,000. Hennion & Walsh Asset Management Inc. boosted its position in shares of Flaherty & Crumrine Total Return Fund by 57.0% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 158,784 shares of the company’s stock valued at $2,779,000 after buying an additional 57,626 shares during the last quarter. Closed End Fund Advisors Inc. purchased a new position in shares of Flaherty & Crumrine Total Return Fund during the fourth quarter valued at approximately $789,000. Cetera Investment Advisers grew its holdings in Flaherty & Crumrine Total Return Fund by 29.0% during the fourth quarter. Cetera Investment Advisers now owns 19,825 shares of the company’s stock worth $347,000 after buying an additional 4,451 shares in the last quarter. Finally, Osaic Holdings Inc. grew its holdings in Flaherty & Crumrine Total Return Fund by 7.0% during the fourth quarter. Osaic Holdings Inc. now owns 19,320 shares of the company’s stock worth $338,000 after buying an additional 1,258 shares in the last quarter.

Flaherty & Crumrine Total Return Fund Stock Performance

Shares of NYSE:FLC opened at $16.80 on Friday. The stock’s fifty day simple moving average is $16.94 and its two-hundred day simple moving average is $17.25. Flaherty & Crumrine Total Return Fund Inc. has a 1-year low of $15.89 and a 1-year high of $18.09.

Flaherty & Crumrine Total Return Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 24th will be issued a $0.1047 dividend. The ex-dividend date is Friday, July 24th. This represents a c) annualized dividend and a dividend yield of 7.5%.

About Flaherty & Crumrine Total Return Fund

Flaherty & Crumrine Total Return Fund Inc (NYSE: FLC) is a closed-end management investment company that seeks to deliver total return through a combination of current income and capital appreciation. The fund principally invests in preferred and other hybrid securities issued by financial services companies, including banks, insurance firms and real estate investment trusts. Listed on the New York Stock Exchange, FLC employs a diversified portfolio approach to access the preferred securities market and generate an attractive income stream for shareholders.

The fund’s investment strategy emphasizes preferred stocks, with at least 65% of its managed assets directed toward these instruments.