Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF - Get Free Report)'s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.87 and traded as low as $7.87. Cornerstone Total Return Fund shares last traded at $7.94, with a volume of 1,096,364 shares changing hands.
Cornerstone Total Return Fund Stock Performance
The company's 50-day moving average price is $7.43 and its 200-day moving average price is $7.86.
Cornerstone Total Return Fund Dividend Announcement
The firm also recently disclosed a dividend, which will be paid on Thursday, July 31st. Shareholders of record on Wednesday, July 16th will be paid a $0.1168 dividend. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a yield of 17.67%.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. Alpine Global Management LLC lifted its position in Cornerstone Total Return Fund by 5.6% during the fourth quarter. Alpine Global Management LLC now owns 2,712,560 shares of the investment management company's stock valued at $23,572,000 after buying an additional 142,632 shares in the last quarter. LPL Financial LLC lifted its position in Cornerstone Total Return Fund by 5.9% during the first quarter. LPL Financial LLC now owns 1,206,414 shares of the investment management company's stock valued at $8,662,000 after buying an additional 67,404 shares in the last quarter. TrueMark Investments LLC lifted its position in Cornerstone Total Return Fund by 25.4% during the fourth quarter. TrueMark Investments LLC now owns 534,692 shares of the investment management company's stock valued at $4,646,000 after buying an additional 108,386 shares in the last quarter. Perennial Investment Advisors LLC lifted its position in Cornerstone Total Return Fund by 6.3% during the fourth quarter. Perennial Investment Advisors LLC now owns 402,653 shares of the investment management company's stock valued at $3,499,000 after buying an additional 23,973 shares in the last quarter. Finally, Tabor Asset Management LP acquired a new position in Cornerstone Total Return Fund during the first quarter valued at approximately $2,648,000. Hedge funds and other institutional investors own 10.41% of the company's stock.
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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