Hennion & Walsh Asset Management Inc. Boosts Holdings in Flaherty & Crumrine Total Return Fund Inc. $FLC

Hennion & Walsh Asset Management Inc. grew its position in Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) by 21.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 241,468 shares of the company’s stock after purchasing an additional 42,263 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Flaherty & Crumrine Total Return Fund were worth $4,081,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the business. Noble Wealth Management PBC boosted its position in shares of Flaherty & Crumrine Total Return Fund by 3.8% in the 2nd quarter. Noble Wealth Management PBC now owns 225,747 shares of the company’s stock worth $3,815,000 after purchasing an additional 8,257 shares in the last quarter. Cetera Investment Advisers raised its position in Flaherty & Crumrine Total Return Fund by 45.5% during the 1st quarter. Cetera Investment Advisers now owns 28,839 shares of the company’s stock worth $479,000 after buying an additional 9,014 shares during the last quarter. Sit Investment Associates Inc. lifted its position in Flaherty & Crumrine Total Return Fund by 6.9% during the fourth quarter. Sit Investment Associates Inc. now owns 1,039,130 shares of the company’s stock valued at $18,185,000 after purchasing an additional 66,761 shares during the period. Guggenheim Capital LLC lifted its holdings in shares of Flaherty & Crumrine Total Return Fund by 71.6% in the 4th quarter. Guggenheim Capital LLC now owns 71,714 shares of the company’s stock valued at $1,255,000 after buying an additional 29,927 shares during the period. Finally, Kovack Advisors Inc. acquired a new stake in Flaherty & Crumrine Total Return Fund during the fourth quarter worth about $227,000.

Flaherty & Crumrine Total Return Fund Trading Up 0.1%

Shares of FLC stock opened at $16.79 on Tuesday. The stock has a 50 day moving average of $16.81 and a 200 day moving average of $17.09. Flaherty & Crumrine Total Return Fund Inc. has a twelve month low of $15.89 and a twelve month high of $18.09.

Flaherty & Crumrine Total Return Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 23rd will be paid a dividend of $0.1067 per share. The ex-dividend date of this dividend is Friday, October 23rd. This represents a c) dividend on an annualized basis and a yield of 7.6%.

Flaherty & Crumrine Total Return Fund Profile

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.