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Cornerstone Total Return Fund (NYSEAMERICAN:CRF) Shares Cross Below 200-Day Moving Average - Here's What Happened

Cornerstone Total Return Fund logo with Finance background

Shares of Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF - Get Free Report) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $7.92 and traded as low as $6.99. Cornerstone Total Return Fund shares last traded at $7.05, with a volume of 1,287,743 shares traded.

Cornerstone Total Return Fund Stock Up 0.4%

The firm has a fifty day moving average of $6.92 and a two-hundred day moving average of $7.91.

Cornerstone Total Return Fund Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be given a $0.1168 dividend. This represents a dividend yield of 19.85%. The ex-dividend date of this dividend is Thursday, May 15th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CRF. Mariner LLC increased its holdings in Cornerstone Total Return Fund by 8.2% during the 4th quarter. Mariner LLC now owns 15,016 shares of the investment management company's stock worth $130,000 after acquiring an additional 1,134 shares during the period. Creative Financial Designs Inc. ADV grew its position in shares of Cornerstone Total Return Fund by 2.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 87,427 shares of the investment management company's stock valued at $760,000 after purchasing an additional 1,690 shares in the last quarter. Quarry LP increased its holdings in shares of Cornerstone Total Return Fund by 35.8% in the fourth quarter. Quarry LP now owns 7,022 shares of the investment management company's stock worth $61,000 after purchasing an additional 1,853 shares during the period. Oppenheimer & Co. Inc. increased its holdings in shares of Cornerstone Total Return Fund by 9.9% in the first quarter. Oppenheimer & Co. Inc. now owns 22,185 shares of the investment management company's stock worth $159,000 after purchasing an additional 2,000 shares during the period. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Cornerstone Total Return Fund in the fourth quarter worth $26,000. 10.41% of the stock is owned by institutional investors.

Cornerstone Total Return Fund Company Profile

(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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