Envestnet Asset Management Inc. Purchases Shares of 22,586 Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC)

Envestnet Asset Management Inc. purchased a new stake in Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 22,586 shares of the company’s stock, valued at approximately $379,000.

Several other large investors have also modified their holdings of the company. Wedbush Securities Inc. acquired a new position in Flaherty & Crumrine Total Return Fund during the 4th quarter valued at $167,000. Raymond James Financial Inc. acquired a new position in shares of Flaherty & Crumrine Total Return Fund during the fourth quarter valued at about $333,000. Guggenheim Capital LLC lifted its stake in shares of Flaherty & Crumrine Total Return Fund by 67.9% in the fourth quarter. Guggenheim Capital LLC now owns 32,625 shares of the company’s stock valued at $545,000 after buying an additional 13,194 shares during the period. Hennion & Walsh Asset Management Inc. grew its position in Flaherty & Crumrine Total Return Fund by 101.4% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 33,500 shares of the company’s stock worth $562,000 after buying an additional 16,866 shares in the last quarter. Finally, Invesco Ltd. increased its stake in Flaherty & Crumrine Total Return Fund by 4.0% during the fourth quarter. Invesco Ltd. now owns 143,839 shares of the company’s stock valued at $2,402,000 after acquiring an additional 5,473 shares during the period.

Flaherty & Crumrine Total Return Fund Stock Performance

Flaherty & Crumrine Total Return Fund stock opened at $17.11 on Thursday. The business has a 50 day simple moving average of $16.94 and a 200 day simple moving average of $16.75. Flaherty & Crumrine Total Return Fund Inc. has a one year low of $14.80 and a one year high of $17.48.

Flaherty & Crumrine Total Return Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 24th will be given a dividend of $0.0974 per share. The ex-dividend date is Friday, October 24th. This represents a c) dividend on an annualized basis and a yield of 6.8%.

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.