10,600 Shares in Flaherty & Crumrine Total Return Fund Inc. $FLC Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. purchased a new stake in shares of Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) in the second quarter, Holdings Channel reports. The firm purchased 10,600 shares of the company’s stock, valued at approximately $180,000.

Other large investors have also added to or reduced their stakes in the company. Smith Asset Management Co. LLC purchased a new position in shares of Flaherty & Crumrine Total Return Fund in the first quarter valued at about $2,339,000. Advisors Asset Management Inc. bought a new stake in shares of Flaherty & Crumrine Total Return Fund in the first quarter worth about $1,696,000. Strategic Advocates LLC grew its stake in shares of Flaherty & Crumrine Total Return Fund by 9.9% in the second quarter. Strategic Advocates LLC now owns 54,688 shares of the company’s stock worth $930,000 after purchasing an additional 4,910 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Flaherty & Crumrine Total Return Fund by 5.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 23,728 shares of the company’s stock valued at $403,000 after purchasing an additional 1,142 shares during the period. Finally, Ceera Investments LLC bought a new position in Flaherty & Crumrine Total Return Fund during the 2nd quarter valued at approximately $394,000.

Flaherty & Crumrine Total Return Fund Trading Up 0.4%

NYSE FLC opened at $17.38 on Friday. Flaherty & Crumrine Total Return Fund Inc. has a fifty-two week low of $14.80 and a fifty-two week high of $17.93. The stock has a 50 day simple moving average of $17.64 and a two-hundred day simple moving average of $17.23.

Flaherty & Crumrine Total Return Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 28th. Investors of record on Thursday, November 20th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, November 20th. This is a positive change from Flaherty & Crumrine Total Return Fund’s previous monthly dividend of $0.10. This represents a c) dividend on an annualized basis and a yield of 6.9%.

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.