32,843 Shares in Flaherty & Crumrine Total Return Fund Inc. $FLC Purchased by Fiera Capital Corp

Fiera Capital Corp bought a new stake in shares of Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 32,843 shares of the company’s stock, valued at approximately $585,000.

A number of other institutional investors also recently made changes to their positions in FLC. Envestnet Asset Management Inc. increased its stake in shares of Flaherty & Crumrine Total Return Fund by 5.1% during the second quarter. Envestnet Asset Management Inc. now owns 23,728 shares of the company’s stock valued at $403,000 after acquiring an additional 1,142 shares during the period. Wolverine Asset Management LLC increased its position in shares of Flaherty & Crumrine Total Return Fund by 185.4% during the 2nd quarter. Wolverine Asset Management LLC now owns 4,193 shares of the company’s stock valued at $71,000 after purchasing an additional 2,724 shares during the period. Kovack Advisors Inc. bought a new stake in shares of Flaherty & Crumrine Total Return Fund in the 2nd quarter worth $360,000. Ceera Investments LLC bought a new stake in shares of Flaherty & Crumrine Total Return Fund in the 2nd quarter worth $394,000. Finally, PNC Financial Services Group Inc. acquired a new stake in shares of Flaherty & Crumrine Total Return Fund in the second quarter valued at $180,000.

Flaherty & Crumrine Total Return Fund Stock Down 0.6%

Shares of FLC stock opened at $17.84 on Monday. The stock has a 50-day simple moving average of $17.64 and a 200 day simple moving average of $17.55. Flaherty & Crumrine Total Return Fund Inc. has a fifty-two week low of $14.80 and a fifty-two week high of $18.09.

Flaherty & Crumrine Total Return Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 23rd will be issued a $0.1037 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date is Thursday, April 23rd.

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.