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Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLC) Shares Sold by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. reduced its position in shares of Flaherty & Crumrine Total Return Fund Inc. (NYSE:FLCGet Rating) by 45.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,450 shares of the company’s stock after selling 3,771 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Flaherty & Crumrine Total Return Fund were worth $89,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Wolverine Asset Management LLC increased its holdings in shares of Flaherty & Crumrine Total Return Fund by 872.7% during the fourth quarter. Wolverine Asset Management LLC now owns 21,943 shares of the company’s stock valued at $500,000 after purchasing an additional 19,687 shares during the period. Bank of America Corp DE increased its holdings in shares of Flaherty & Crumrine Total Return Fund by 3.0% during the fourth quarter. Bank of America Corp DE now owns 458,117 shares of the company’s stock valued at $10,440,000 after purchasing an additional 13,523 shares during the period. Finally, Advisor Group Holdings Inc. increased its holdings in shares of Flaherty & Crumrine Total Return Fund by 28.3% during the first quarter. Advisor Group Holdings Inc. now owns 10,172 shares of the company’s stock valued at $203,000 after purchasing an additional 2,241 shares during the period.

Flaherty & Crumrine Total Return Fund Price Performance

Shares of FLC opened at $17.79 on Friday. The stock’s fifty day moving average is $18.28 and its 200-day moving average is $19.02. Flaherty & Crumrine Total Return Fund Inc. has a one year low of $17.25 and a one year high of $24.83.

Flaherty & Crumrine Total Return Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 23rd will be paid a dividend of $0.112 per share. The ex-dividend date is Thursday, September 22nd. This represents a $1.34 annualized dividend and a yield of 7.55%.

About Flaherty & Crumrine Total Return Fund

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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.

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