Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF - Get Free Report)'s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-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.
Cornerstone Total Return Fund Stock Performance
The firm has a 50-day moving average of $6.97 and a two-hundred day moving average of $7.91.
Cornerstone Total Return Fund Announces Dividend
The firm also recently declared a dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were issued a dividend of $0.1168 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a dividend yield of 19.85%.
Institutional Investors Weigh In On Cornerstone Total Return Fund
Several hedge funds have recently modified their holdings of CRF. Mariner LLC grew 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 worth $130,000 after buying an additional 1,134 shares in the last quarter. Creative Financial Designs Inc. ADV raised its holdings in shares of Cornerstone Total Return Fund by 2.0% in the 4th 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 in the last quarter. Quarry LP lifted its position in shares of Cornerstone Total Return Fund by 35.8% during the 4th quarter. Quarry LP now owns 7,022 shares of the investment management company's stock worth $61,000 after buying an additional 1,853 shares during the period. Oppenheimer & Co. Inc. boosted its stake in Cornerstone Total Return Fund by 9.9% in the 1st quarter. Oppenheimer & Co. Inc. now owns 22,185 shares of the investment management company's stock valued at $159,000 after buying an additional 2,000 shares in the last quarter. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Cornerstone Total Return Fund in the 4th quarter valued at $26,000. 10.41% of the stock is owned by institutional investors.
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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