Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) is Alpine Global Management LLC's 4th Largest Position

Alpine Global Management LLC raised its position in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF - Free Report) by 5.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,712,560 shares of the investment management company's stock after purchasing an additional 142,632 shares during the period. Cornerstone Total Return Fund comprises approximately 5.1% of Alpine Global Management LLC's portfolio, making the stock its 4th biggest holding. Alpine Global Management LLC owned 2.64% of Cornerstone Total Return Fund worth $23,572,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Kane Investment Management Inc. acquired a new position in shares of Cornerstone Total Return Fund during the 4th quarter worth approximately $466,000. Mariner LLC increased its position in Cornerstone Total Return Fund by 8.2% during the fourth quarter. Mariner LLC now owns 15,016 shares of the investment management company's stock worth $130,000 after buying an additional 1,134 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Cornerstone Total Return Fund in the fourth quarter worth $1,470,000. Envestnet Asset Management Inc. purchased a new stake in shares of Cornerstone Total Return Fund in the fourth quarter valued at $259,000. Finally, Perennial Investment Advisors LLC increased its position in Cornerstone Total Return Fund by 6.3% during the 4th quarter. Perennial Investment Advisors LLC now owns 402,653 shares of the investment management company's stock worth $3,499,000 after purchasing an additional 23,973 shares in the last quarter. Hedge funds and other institutional investors own 10.41% of the company's stock.

Cornerstone Total Return Fund Stock Performance

NYSEAMERICAN:CRF remained flat at $6.71 on Friday. 896,327 shares of the company's stock were exchanged, compared to its average volume of 935,688. Cornerstone Total Return Fund, Inc. has a 52 week low of $5.81 and a 52 week high of $9.75. The stock's 50-day simple moving average is $7.40 and its two-hundred day simple moving average is $8.03.

Cornerstone Total Return Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be given a dividend of $0.1168 per share. The ex-dividend date is Tuesday, April 15th. This represents a $1.40 dividend on an annualized basis and a yield of 20.89%.

Cornerstone Total Return Fund Profile

Cornerstone Total Return Fund, Inc is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value and growth stocks of companies across all market capitalizations.