Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $6.62, but opened at $5.95. Cornerstone Total Return Fund shares last traded at $5.87, with a volume of 931,549 shares changing hands.
Cornerstone Total Return Fund Stock Up 0.7 %
The stock has a fifty day simple moving average of $7.82 and a two-hundred day simple moving average of $8.10.
Cornerstone Total Return Fund Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be paid a $0.1168 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 20.14%. The ex-dividend date of this dividend is Tuesday, April 15th.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. Ameriflex Group Inc. bought a new stake in Cornerstone Total Return Fund in the fourth quarter worth about $459,000. Bank of America Corp DE increased its stake in Cornerstone Total Return Fund by 539.5% in the 4th quarter. Bank of America Corp DE now owns 304,728 shares of the investment management company's stock worth $2,648,000 after acquiring an additional 257,077 shares during the last quarter. BIP Wealth LLC purchased a new stake in shares of Cornerstone Total Return Fund during the 4th quarter valued at $139,000. Aptus Capital Advisors LLC purchased a new stake in Cornerstone Total Return Fund in the fourth quarter worth approximately $200,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new position in Cornerstone Total Return Fund in the 4th quarter worth $26,000. 10.41% of the stock is owned by institutional investors.
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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