13,197 Shares in Flaherty & Crumrine Total Return Fd Inc (NYSE:FLC) Purchased by Thomas J. Herzfeld Advisors Inc.

Thomas J. Herzfeld Advisors Inc. acquired a new stake in shares of Flaherty & Crumrine Total Return Fd Inc (NYSE:FLC) during the first quarter, Holdings Channel reports. The fund acquired 13,197 shares of the company’s stock, valued at approximately $254,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. grew its position in Flaherty & Crumrine Total Return Fd by 5.5% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 19,315 shares of the company’s stock valued at $332,000 after purchasing an additional 1,000 shares in the last quarter. Sit Investment Associates Inc. grew its position in Flaherty & Crumrine Total Return Fd by 0.9% during the first quarter. Sit Investment Associates Inc. now owns 315,278 shares of the company’s stock valued at $6,060,000 after purchasing an additional 2,757 shares in the last quarter. Wells Fargo & Company MN grew its position in Flaherty & Crumrine Total Return Fd by 22.1% during the first quarter. Wells Fargo & Company MN now owns 34,179 shares of the company’s stock valued at $657,000 after purchasing an additional 6,188 shares in the last quarter. Rockefeller Capital Management L.P. purchased a new position in Flaherty & Crumrine Total Return Fd during the first quarter valued at approximately $141,000. Finally, Bruderman Asset Management LLC grew its position in Flaherty & Crumrine Total Return Fd by 190.9% during the fourth quarter. Bruderman Asset Management LLC now owns 16,244 shares of the company’s stock valued at $280,000 after purchasing an additional 10,659 shares in the last quarter.

FLC traded up $0.08 on Friday, reaching $20.35. 300 shares of the company traded hands, compared to its average volume of 27,847. Flaherty & Crumrine Total Return Fd Inc has a 52-week low of $16.35 and a 52-week high of $20.50.

The firm also recently announced a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 21st will be given a $0.115 dividend. This represents a $1.38 annualized dividend and a yield of 6.78%. The ex-dividend date is Thursday, June 20th.

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Flaherty & Crumrine Total Return Fd 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.

See Also: Return on Investment (ROI)

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Institutional Ownership by Quarter for Flaherty & Crumrine Total Return Fd (NYSE:FLC)

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