Sit Investment Associates Inc. Purchases 309,585 Shares of Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC)

Sit Investment Associates Inc. boosted its position in Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) by 123.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 559,576 shares of the company’s stock after purchasing an additional 309,585 shares during the period. Sit Investment Associates Inc.’s holdings in Flaherty & Crumrine Total Return Fund were worth $9,345,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. MeadowBrook Investment Advisors LLC grew its position in shares of Flaherty & Crumrine Total Return Fund by 67.9% during the 4th quarter. MeadowBrook Investment Advisors LLC now owns 2,720 shares of the company’s stock worth $45,000 after buying an additional 1,100 shares during the period. Hennion & Walsh Asset Management Inc. bought a new position in Flaherty & Crumrine Total Return Fund during the fourth quarter worth $278,000. Raymond James Financial Inc. acquired a new stake in Flaherty & Crumrine Total Return Fund in the fourth quarter worth $333,000. HighTower Advisors LLC grew its holdings in Flaherty & Crumrine Total Return Fund by 36.0% in the third quarter. HighTower Advisors LLC now owns 21,042 shares of the company’s stock worth $363,000 after purchasing an additional 5,574 shares during the period. Finally, Kovitz Investment Group Partners LLC acquired a new position in shares of Flaherty & Crumrine Total Return Fund during the third quarter valued at about $980,000.

Flaherty & Crumrine Total Return Fund Stock Performance

Shares of FLC opened at $15.63 on Friday. Flaherty & Crumrine Total Return Fund Inc. has a one year low of $14.51 and a one year high of $17.48. The stock has a 50-day moving average of $16.92 and a 200-day moving average of $16.92.

Flaherty & Crumrine Total Return Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 23rd will be issued a dividend of $0.0937 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $1.12 annualized dividend and a dividend yield of 7.19%.

Flaherty & Crumrine Total Return Fund 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.