TrueMark Investments LLC Grows Stake in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF)

TrueMark Investments LLC grew its holdings in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF - Free Report) by 25.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 534,692 shares of the investment management company's stock after acquiring an additional 108,386 shares during the period. Cornerstone Total Return Fund comprises about 1.5% of TrueMark Investments LLC's investment portfolio, making the stock its 25th biggest position. TrueMark Investments LLC owned about 0.52% of Cornerstone Total Return Fund worth $4,646,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CRF. Rockefeller Capital Management L.P. raised its stake in 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 valued at $358,000 after purchasing an additional 7,935 shares in the last quarter. Quarry LP purchased a new position in Cornerstone Total Return Fund in the third quarter worth about $42,000. Virtu Financial LLC increased its stake in Cornerstone Total Return Fund by 70.3% during the third quarter. Virtu Financial LLC now owns 18,637 shares of the investment management company's stock worth $151,000 after acquiring an additional 7,696 shares during the last quarter. Grimes & Company Inc. raised its position 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 valued at $222,000 after purchasing an additional 1,193 shares during the period. Finally, Chicago Partners Investment Group LLC lifted its stake in shares of Cornerstone Total Return Fund by 4.2% in the 4th quarter. Chicago Partners Investment Group LLC now owns 77,104 shares of the investment management company's stock valued at $687,000 after purchasing an additional 3,097 shares during the last quarter. Hedge funds and other institutional investors own 10.41% of the company's stock.

Cornerstone Total Return Fund Stock Performance

NYSEAMERICAN:CRF traded down $0.20 during midday trading on Friday, hitting $7.17. 720,476 shares of the company traded hands, compared to its average volume of 858,076. The firm's fifty day moving average is $8.24 and its 200-day moving average is $8.19. Cornerstone Total Return Fund, Inc. has a 12-month low of $6.52 and a 12-month high of $9.75.

Cornerstone Total Return Fund Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 19.55%.

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.