Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF - Get Free Report)'s share price reached a new 52-week high on Wednesday after the company announced a dividend. The stock traded as high as $8.49 and last traded at $8.48, with a volume of 35399 shares traded. The stock had previously closed at $8.38.
The newly announced dividend which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.1168 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a yield of 16.7%.
Cornerstone Total Return Fund Price Performance
The business's fifty day moving average price is $7.68.
Hedge Funds Weigh In On Cornerstone Total Return Fund
Several institutional investors and hedge funds have recently bought and sold shares of CRF. Voisard Asset Management Group Inc. purchased a new position in shares of Cornerstone Total Return Fund in the 2nd quarter worth about $73,000. Wedbush Securities Inc. acquired a new stake in Cornerstone Total Return Fund during the 2nd quarter worth approximately $106,000. Oppenheimer & Co. Inc. purchased a new position in Cornerstone Total Return Fund in the third quarter valued at approximately $120,000. Prairie Sky Financial Group LLC purchased a new position in Cornerstone Total Return Fund in the third quarter valued at approximately $135,000. Finally, Doliver Advisors LP acquired a new position in Cornerstone Total Return Fund during the third quarter valued at approximately $328,000. Institutional investors and hedge funds own 10.41% of the company's stock.
Cornerstone Total Return Fund Company Profile
(
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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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