LPL Financial LLC increased its holdings in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF - Free Report) by 8.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,139,010 shares of the investment management company's stock after purchasing an additional 89,538 shares during the period. LPL Financial LLC owned approximately 1.11% of Cornerstone Total Return Fund worth $9,898,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Creative Financial Designs Inc. ADV increased its stake in shares of Cornerstone Total Return Fund by 2.0% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 87,427 shares of the investment management company's stock valued at $760,000 after buying an additional 1,690 shares during the period. Commonwealth Equity Services LLC boosted its holdings in Cornerstone Total Return Fund by 1.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 200,102 shares of the investment management company's stock valued at $1,739,000 after acquiring an additional 3,782 shares in the last quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co purchased a new position in Cornerstone Total Return Fund during the 4th quarter valued at $326,000. HighTower Advisors LLC purchased a new position in Cornerstone Total Return Fund during the 4th quarter valued at $190,000. Finally, Independent Advisor Alliance bought a new position in Cornerstone Total Return Fund in the 4th quarter worth $188,000. Institutional investors own 10.41% of the company's stock.
Cornerstone Total Return Fund Stock Performance
Cornerstone Total Return Fund stock traded up $0.53 during trading hours on Wednesday, hitting $7.00. 2,540,934 shares of the stock traded hands, compared to its average volume of 889,480. Cornerstone Total Return Fund, Inc. has a one year low of $5.81 and a one year high of $9.75. The firm's 50-day moving average price is $7.96 and its two-hundred day moving average price is $8.13.
Cornerstone Total Return Fund Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be given a dividend of $0.1168 per share. This represents a $1.40 annualized dividend and a yield of 20.02%. The ex-dividend date is Tuesday, April 15th.
Cornerstone Total Return Fund Profile
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Free Report)
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.
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