Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $7.91 and traded as low as $7.64. Cornerstone Total Return Fund shares last traded at $7.70, with a volume of 1,098,080 shares changing hands.
Cornerstone Total Return Fund Stock Down 1.2%
The company's 50 day moving average price is $7.05 and its 200-day moving average price is $7.91.
Cornerstone Total Return Fund Dividend Announcement
The firm also recently declared a dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were given a $0.1168 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a yield of 19.85%.
Hedge Funds Weigh In On Cornerstone Total Return Fund
A number of hedge funds and other institutional investors have recently modified their holdings of CRF. Mariner LLC grew its holdings in shares of 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 buying an additional 1,134 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its position 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 purchasing an additional 1,690 shares in the last quarter. Quarry LP lifted its position 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 in the last quarter. Oppenheimer & Co. Inc. boosted its holdings in shares of Cornerstone Total Return Fund by 9.9% during 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 position in Cornerstone Total Return Fund during the fourth quarter valued at approximately $26,000. Institutional investors and hedge funds own 10.41% of the company's stock.
Cornerstone Total Return Fund Company Profile
(
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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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