Cornerstone Total Return Fund (NYSEAMERICAN:CRF) Trading 5.2% Higher - Here's Why

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF - Get Free Report) traded up 5.2% during trading on Tuesday . The stock traded as high as $6.90 and last traded at $6.78. 1,151,516 shares changed hands during mid-day trading, an increase of 31% from the average session volume of 879,649 shares. The stock had previously closed at $6.44.

Cornerstone Total Return Fund Trading Up 0.7 %

The business's fifty day moving average is $7.82 and its 200 day moving average is $8.10.

Cornerstone Total Return Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be given a dividend of $0.1168 per share. 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 20.14%.

Institutional Trading of Cornerstone Total Return Fund

Several institutional investors and hedge funds have recently modified their holdings of CRF. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Cornerstone Total Return Fund during the fourth quarter valued at $26,000. Quarry LP increased its holdings 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 last quarter. Mariner LLC increased its stake 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 acquiring an additional 1,134 shares during the last quarter. BIP Wealth LLC purchased a new position in Cornerstone Total Return Fund in the fourth quarter valued at approximately $139,000. Finally, Virtu Financial LLC raised its stake in shares of Cornerstone Total Return Fund by 70.3% in the 3rd quarter. Virtu Financial LLC now owns 18,637 shares of the investment management company's stock valued at $151,000 after acquiring an additional 7,696 shares during the period. Hedge funds and other institutional investors own 10.41% of the company's stock.

Cornerstone Total Return Fund Company Profile

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.