Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) Stake Raised by Alpine Global Management LLC

Alpine Global Management LLC increased its position in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF - Free Report) by 5.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,712,560 shares of the investment management company's stock after acquiring an additional 142,632 shares during the period. Cornerstone Total Return Fund makes up about 5.1% of Alpine Global Management LLC's portfolio, making the stock its 4th biggest holding. Alpine Global Management LLC owned about 2.64% of Cornerstone Total Return Fund worth $23,572,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CRF. Mariner LLC lifted its position in Cornerstone Total Return Fund by 8.2% during 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 period. Grimes & Company Inc. lifted its holdings in shares of Cornerstone Total Return Fund by 4.9% in the 4th quarter. Grimes & Company Inc. now owns 25,556 shares of the investment management company's stock valued at $222,000 after buying an additional 1,193 shares during the period. Creative Financial Designs Inc. ADV boosted its stake in shares of Cornerstone Total Return Fund by 2.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 87,427 shares of the investment management company's stock worth $760,000 after buying an additional 1,690 shares during the last quarter. Chicago Partners Investment Group LLC grew its holdings in Cornerstone Total Return Fund by 4.2% during the fourth quarter. Chicago Partners Investment Group LLC now owns 77,104 shares of the investment management company's stock worth $687,000 after acquiring an additional 3,097 shares during the period. Finally, Commonwealth Equity Services LLC lifted its holdings in Cornerstone Total Return Fund by 1.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 200,102 shares of the investment management company's stock valued at $1,739,000 after acquiring an additional 3,782 shares during the period. Institutional investors and hedge funds own 10.41% of the company's stock.

Cornerstone Total Return Fund Price Performance

Shares of CRF stock remained flat at $6.71 during mid-day trading on Friday. 896,327 shares of the stock traded hands, compared to its average volume of 937,706. Cornerstone Total Return Fund, Inc. has a twelve month low of $5.81 and a twelve month high of $9.75. The stock's 50-day moving average price is $7.40 and its two-hundred day moving average price is $8.03.

Cornerstone Total Return Fund Announces Dividend

The business 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 $0.1168 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $1.40 dividend on an annualized basis and a yield of 20.89%.

About Cornerstone Total Return Fund

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.