Fiera Capital Corp Raises Stock Position in Flaherty & Crumrine Total Return Fund Inc. $FLC

Fiera Capital Corp lifted its stake in Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) by 114.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 70,401 shares of the company’s stock after acquiring an additional 37,558 shares during the period. Fiera Capital Corp’s holdings in Flaherty & Crumrine Total Return Fund were worth $1,232,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FLC. Cetera Investment Advisers acquired a new position in Flaherty & Crumrine Total Return Fund in the second quarter valued at $199,000. Invesco Ltd. lifted its holdings in shares of Flaherty & Crumrine Total Return Fund by 2.4% in the 2nd quarter. Invesco Ltd. now owns 145,617 shares of the company’s stock valued at $2,475,000 after purchasing an additional 3,386 shares during the last quarter. Baird Financial Group Inc. boosted its position in shares of Flaherty & Crumrine Total Return Fund by 105.6% in the 2nd quarter. Baird Financial Group Inc. now owns 41,340 shares of the company’s stock valued at $703,000 after purchasing an additional 21,232 shares during the period. Osaic Holdings Inc. grew its stake in Flaherty & Crumrine Total Return Fund by 3.8% during the 2nd quarter. Osaic Holdings Inc. now owns 17,196 shares of the company’s stock worth $292,000 after buying an additional 629 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its stake in Flaherty & Crumrine Total Return Fund by 29.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 236,457 shares of the company’s stock worth $4,214,000 after buying an additional 53,087 shares during the last quarter.

Flaherty & Crumrine Total Return Fund Stock Down 0.1%

FLC opened at $16.71 on Wednesday. Flaherty & Crumrine Total Return Fund Inc. has a 52 week low of $15.89 and a 52 week high of $18.09. The business’s 50 day moving average is $16.93 and its two-hundred day moving average is $17.28.

Flaherty & Crumrine Total Return Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 24th will be paid a dividend of $0.1047 per share. The ex-dividend date is Friday, July 24th. This represents a c) dividend on an annualized basis and a yield of 7.5%.

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.