Cambridge Investment Research Advisors Inc. lifted its stake in Flaherty & Crumrine (NYSE:FLC) by 32.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,815 shares of the company’s stock after purchasing an additional 4,145 shares during the period. Cambridge Investment Research Advisors Inc. owned about 0.17% of Flaherty & Crumrine worth $363,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in FLC. Guggenheim Capital LLC purchased a new position in Flaherty & Crumrine in the fourth quarter valued at $340,000. Vanguard Capital Wealth Advisors purchased a new position in Flaherty & Crumrine in the fourth quarter valued at $307,000. Finally, LPL Financial LLC boosted its holdings in Flaherty & Crumrine by 4.1% in the fourth quarter. LPL Financial LLC now owns 94,349 shares of the company’s stock valued at $2,039,000 after purchasing an additional 3,687 shares during the period.
NYSE:FLC opened at $19.55 on Monday. Flaherty & Crumrine has a 12-month low of $19.29 and a 12-month high of $22.51.
About Flaherty & Crumrine
Flaherty & Crumrine Total Return Fund Incorporated 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 may invest in unrated securities that the Fund’s investment advisor deems to be comparable in quality to rated issues in which the Fund is authorized to invest.
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