Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF - Get Free Report)'s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $7.98 and traded as high as $9.00. Cornerstone Total Return Fund shares last traded at $8.88, with a volume of 619,656 shares traded.
Cornerstone Total Return Fund Trading Up 0.3 %
The business has a 50 day moving average of $7.98.
Cornerstone Total Return Fund Cuts Dividend
The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a $0.1168 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.40 annualized dividend and a yield of 15.73%.
Institutional Trading of Cornerstone Total Return Fund
Large investors have recently made changes to their positions in the company. Perennial Investment Advisors LLC boosted its stake in shares of Cornerstone Total Return Fund by 3.6% during the second quarter. Perennial Investment Advisors LLC now owns 380,195 shares of the investment management company's stock worth $2,985,000 after buying an additional 13,186 shares during the period. PFG Investments LLC raised its stake in Cornerstone Total Return Fund by 17.5% during the 2nd quarter. PFG Investments LLC now owns 136,769 shares of the investment management company's stock valued at $1,074,000 after acquiring an additional 20,324 shares during the last quarter. Sea Otter Advisors LLC acquired a new stake in Cornerstone Total Return Fund during the 2nd quarter worth approximately $785,000. Creative Financial Designs Inc. ADV grew its stake in shares of Cornerstone Total Return Fund by 2.7% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 85,737 shares of the investment management company's stock valued at $694,000 after purchasing an additional 2,273 shares during the last quarter. Finally, Chicago Partners Investment Group LLC increased its holdings in shares of Cornerstone Total Return Fund by 7.0% in the third quarter. Chicago Partners Investment Group LLC now owns 74,007 shares of the investment management company's stock valued at $616,000 after purchasing an additional 4,835 shares during the period. 10.41% of the stock is owned by institutional investors and hedge funds.
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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