Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF - Get Free Report) reached a new 52-week low on Friday . The company traded as low as $6.44 and last traded at $6.69, with a volume of 1036345 shares trading hands. The stock had previously closed at $6.98.
Cornerstone Total Return Fund Trading Up 8.2 %
The firm has a 50-day moving average price of $7.96 and a 200 day moving average price of $8.13.
Cornerstone Total Return Fund Announces Dividend
The business also recently declared 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 annualized dividend and a yield of 20.02%.
Hedge Funds Weigh In On Cornerstone Total Return Fund
Several hedge funds have recently made changes to their positions in the business. Rockefeller Capital Management L.P. lifted its position in shares of Cornerstone Total Return Fund by 21.8% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 44,295 shares of the investment management company's stock worth $358,000 after purchasing an additional 7,935 shares during the period. Quarry LP purchased a new position in Cornerstone Total Return Fund in the third quarter worth about $42,000. Virtu Financial LLC raised its stake in shares of Cornerstone Total Return Fund by 70.3% in the third quarter. Virtu Financial LLC now owns 18,637 shares of the investment management company's stock worth $151,000 after purchasing an additional 7,696 shares during the last quarter. Grimes & Company Inc. raised its holdings in shares of Cornerstone Total Return Fund by 4.9% during the fourth quarter. Grimes & Company Inc. now owns 25,556 shares of the investment management company's stock valued at $222,000 after purchasing an additional 1,193 shares during the last quarter. Finally, Chicago Partners Investment Group LLC grew its position in Cornerstone Total Return Fund by 4.2% in the 4th quarter. Chicago Partners Investment Group LLC now owns 77,104 shares of the investment management company's stock worth $687,000 after purchasing an additional 3,097 shares during the period. 10.41% of the stock is owned by hedge funds and other institutional investors.
Cornerstone Total Return Fund Company Profile
(
Get 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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