Wedbush Securities Inc. Makes New Investment in Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC)

Wedbush Securities Inc. bought a new stake in shares of Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,000 shares of the company’s stock, valued at approximately $167,000.

Several other large investors have also recently made changes to their positions in the business. MeadowBrook Investment Advisors LLC increased its position in 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 valued at $45,000 after buying an additional 1,100 shares in the last quarter. HighTower Advisors LLC grew its stake in shares of 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 acquiring an additional 5,574 shares during the last quarter. Sowell Financial Services LLC increased its holdings in shares of Flaherty & Crumrine Total Return Fund by 5.9% during the fourth quarter. Sowell Financial Services LLC now owns 208,369 shares of the company’s stock valued at $3,480,000 after acquiring an additional 11,651 shares in the last quarter. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Flaherty & Crumrine Total Return Fund in the 4th quarter worth about $278,000. Finally, Raymond James Financial Inc. bought a new position in Flaherty & Crumrine Total Return Fund in the 4th quarter worth about $333,000.

Flaherty & Crumrine Total Return Fund Price Performance

Shares of FLC stock opened at $15.78 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 company’s 50-day moving average is $16.80 and its 200 day moving average is $16.86.

Flaherty & Crumrine Total Return Fund Dividend Announcement

The company also recently declared 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. This represents a $1.12 dividend on an annualized basis and a dividend yield of 7.13%. The ex-dividend date is Wednesday, April 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.