November 16, 2016 - By Darrin Black · 0 Comments
Flaherty & Crumrine Total Return Fund Inc (NYSE:FLC) institutional sentiment decreased to 0.38 in 2016 Q2. Its down -0.15, from 0.53 in 2016Q1. The ratio fall, as 5 investment professionals increased and started new stock positions, while 13 trimmed and sold stock positions in Flaherty & Crumrine Total Return Fund Inc. The investment professionals in our partner’s database now hold: 994,819 shares, down from 1.24 million shares in 2016Q1. Also, the number of investment professionals holding Flaherty & Crumrine Total Return Fund Inc in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 5 Reduced: 8 Increased: 4 New Position: 1.
Flaherty & Crumrine Total Return Fund Incorporated is a diversified, closed-end management investment company. The company has a market cap of $202.15 million. The Fund’s primary investment objective is to provide its common shareholders with high current income. It currently has negative earnings. The Company’s secondary investment objective is capital appreciation.
About 49,667 shares traded hands. Flaherty & Crumrine Total Return Fd Inc (NYSE:FLC) has declined 4.96% since April 14, 2016 and is downtrending. It has underperformed by 9.64% the S&P500.
Rocky Mountain Advisers Llc holds 0.23% of its portfolio in Flaherty & Crumrine Total Return Fd Inc for 2,000 shares. Ifc Holdings Incorporated Fl owns 20,718 shares or 0.05% of their US portfolio. Moreover, Capital Investment Advisors Llc has 0.03% invested in the company for 15,862 shares. The California-based Lpl Financial Llc has invested 0.02% in the stock. Cohen & Steers Inc, a New York-based fund reported 108,384 shares.#img1#
Flaherty & Crumrine/Claymore Total Return Fund Incorporated (the Fund) is a diversified closed-end management investment company. The Fund’s primary investment objective is to provide its common shareholders with high current income. The Fund’s secondary investment objective is capital appreciation. The Fund invests primarily in a diversified portfolio of preferred and debt securities. This includes fully taxable preferred securities and traditional preferred stocks eligible for the inter-corporate dividends received deduction (DRD). The Fund will invest at least 50% of its total assets in preferred securities. The Fund invests at least 25% of its total assets in securities issued by companies in the utility industry and at least 25% of its total assets issued by companies in the banking industry.
More notable recent Flaherty & Crumrine Total Return Fd Inc (NYSE:FLC) news were published by: Marketwatch.com which released: “Flaherty & Crumrine Total Return Fund Inc.” on February 11, 2011, also Seekingalpha.com with their article: “Preferred Shares From Flaherty & Crumrine: 1 To Buy And 1 To Sell” published on December 31, 2015, Businesswire.com published: “Flaherty & Crumrine Announces Robert Ettinger’s Retirement as Portfolio Manager” on June 04, 2015. More interesting news about Flaherty & Crumrine Total Return Fd Inc (NYSE:FLC) were released by: Businesswire.com and their article: “Flaherty & Crumrine Announces Donald Crumrine’s Retirement as Portfolio Manager” published on November 13, 2015 as well as Seekingalpha.com‘s news article titled: “Where Are The Best Opportunities In Preferred Shares?” with publication date: September 25, 2015.
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By Darrin Black