Baird Financial Group Inc. Invests $337,000 in Flaherty & Crumrine Total Return Fund Inc. $FLC

Baird Financial Group Inc. acquired a new position in shares of Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,108 shares of the company’s stock, valued at approximately $337,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wolverine Asset Management LLC acquired a new position in shares of Flaherty & Crumrine Total Return Fund during the first quarter worth about $25,000. Envestnet Asset Management Inc. acquired a new position in shares of Flaherty & Crumrine Total Return Fund during the first quarter worth about $379,000. Hennion & Walsh Asset Management Inc. boosted its position in shares of 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 during the period. Strategic Advocates LLC acquired a new position in shares of Flaherty & Crumrine Total Return Fund during the first quarter worth about $835,000. Finally, Noble Wealth Management PBC boosted its position in shares of Flaherty & Crumrine Total Return Fund by 9.1% during the first quarter. Noble Wealth Management PBC now owns 161,245 shares of the company’s stock worth $2,706,000 after buying an additional 13,478 shares during the period.

Flaherty & Crumrine Total Return Fund Price Performance

Shares of NYSE FLC opened at $17.54 on Friday. The stock has a 50 day moving average price of $17.16 and a 200 day moving average price of $16.79. Flaherty & Crumrine Total Return Fund Inc. has a 52 week low of $14.80 and a 52 week high of $17.54.

Flaherty & Crumrine Total Return Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 23rd will be issued a dividend of $0.0974 per share. This represents a c) annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend is Tuesday, September 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.