169,213 Shares in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 169,213 shares of the investment management company's stock, valued at approximately $1,470,000. Raymond James Financial Inc. owned approximately 0.16% of Cornerstone Total Return Fund as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CRF. Rockefeller Capital Management L.P. lifted its position in shares of Cornerstone Total Return Fund by 21.8% during the third 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 last quarter. Quarry LP acquired a new position in shares of Cornerstone Total Return Fund in the 3rd quarter worth approximately $42,000. Virtu Financial LLC raised its position in shares of Cornerstone Total Return Fund by 70.3% during the 3rd quarter. Virtu Financial LLC now owns 18,637 shares of the investment management company's stock valued at $151,000 after acquiring an additional 7,696 shares in the last quarter. Grimes & Company Inc. lifted its stake in 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 worth $222,000 after purchasing an additional 1,193 shares during the last quarter. Finally, Chicago Partners Investment Group LLC boosted its holdings in Cornerstone Total Return Fund by 4.2% in the fourth 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 currently owned by hedge funds and other institutional investors.

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Cornerstone Total Return Fund Stock Down 3.7 %

Shares of NYSEAMERICAN:CRF traded down $0.27 on Thursday, reaching $6.98. 1,578,042 shares of the company's stock were exchanged, compared to its average volume of 862,680. The business's 50-day moving average is $8.16 and its two-hundred day moving average is $8.18. Cornerstone Total Return Fund, Inc. has a fifty-two week low of $6.52 and a fifty-two week high of $9.75.

Cornerstone Total Return Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Investors 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 annualized dividend and a yield of 20.08%.

Cornerstone Total Return Fund Profile

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.