19,937 Shares in Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new stake in Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 19,937 shares of the company’s stock, valued at approximately $333,000.

Several other large investors have also recently modified their holdings of the company. MeadowBrook Investment Advisors LLC boosted its stake in Flaherty & Crumrine Total Return Fund by 67.9% in the fourth quarter. MeadowBrook Investment Advisors LLC now owns 2,720 shares of the company’s stock valued at $45,000 after acquiring an additional 1,100 shares in the last quarter. Hennion & Walsh Asset Management Inc. purchased a new position in Flaherty & Crumrine Total Return Fund during the 4th quarter worth $278,000. HighTower Advisors LLC grew its stake 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 buying an additional 5,574 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new position in Flaherty & Crumrine Total Return Fund during the 3rd quarter valued at about $980,000. Finally, Noble Wealth Management PBC purchased a new stake in Flaherty & Crumrine Total Return Fund in the fourth quarter valued at about $2,468,000.

Flaherty & Crumrine Total Return Fund Stock Up 3.7 %

Shares of Flaherty & Crumrine Total Return Fund stock opened at $16.32 on Thursday. The company has a 50 day moving average price of $16.82 and a 200 day moving average price of $16.87. Flaherty & Crumrine Total Return Fund Inc. has a 52 week low of $14.51 and a 52 week high of $17.48.

Flaherty & Crumrine Total Return Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 23rd will be given a $0.0937 dividend. This represents a $1.12 annualized dividend and a dividend yield of 6.89%. The ex-dividend date of this dividend 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.