Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $6.72, but opened at $6.48. Cornerstone Total Return Fund shares last traded at $6.36, with a volume of 405,095 shares trading hands.
Cornerstone Total Return Fund Stock Performance
The stock's 50 day simple moving average is $7.44 and its 200-day simple moving average is $8.04.
Cornerstone Total Return Fund Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be paid 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 dividend yield of 20.94%.
Institutional Investors Weigh In On Cornerstone Total Return Fund
A number of large investors have recently modified their holdings of CRF. Marshall & Sterling Wealth Advisors Inc. acquired a new position in Cornerstone Total Return Fund during the fourth quarter worth about $26,000. Quarry LP boosted its holdings in shares of Cornerstone Total Return Fund by 35.8% during the 4th quarter. Quarry LP now owns 7,022 shares of the investment management company's stock worth $61,000 after purchasing an additional 1,853 shares during the last quarter. Valmark Advisers Inc. purchased a new stake in shares of Cornerstone Total Return Fund in the first quarter valued at approximately $86,000. Mariner LLC increased its holdings in shares of Cornerstone Total Return Fund by 8.2% in the fourth quarter. Mariner LLC now owns 15,016 shares of the investment management company's stock valued at $130,000 after purchasing an additional 1,134 shares during the last quarter. Finally, BIP Wealth LLC purchased a new position in Cornerstone Total Return Fund during the fourth quarter worth approximately $139,000. Hedge funds and other institutional investors own 10.41% of the company's stock.
About Cornerstone Total Return Fund
(
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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