Ameriflex Group Inc. bought a new stake in shares of Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 51,800 shares of the investment management company's stock, valued at approximately $459,000.
A number of other institutional investors have also recently modified their holdings of the business. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Cornerstone Total Return Fund in the 4th quarter worth about $26,000. Quarry LP boosted its holdings in Cornerstone Total Return Fund by 35.8% in 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 lifted its stake in Cornerstone Total Return Fund by 8.2% in the 4th quarter. Mariner LLC now owns 15,016 shares of the investment management company's stock worth $130,000 after purchasing an additional 1,134 shares in the last quarter. BIP Wealth LLC purchased a new position in Cornerstone Total Return Fund in the 4th quarter worth approximately $139,000. Finally, Wealth Management Nebraska purchased a new position in Cornerstone Total Return Fund in the 4th quarter worth approximately $164,000. 10.41% of the stock is currently owned by institutional investors and hedge funds.
Cornerstone Total Return Fund Trading Up 0.4%
CRF traded up $0.03 during trading on Wednesday, reaching $7.29. The company's stock had a trading volume of 779,937 shares, compared to its average volume of 985,081. The firm has a fifty day simple moving average of $6.92 and a two-hundred day simple moving average of $7.91. Cornerstone Total Return Fund, Inc. has a 1 year low of $5.81 and a 1 year high of $9.75.
Cornerstone Total Return Fund Dividend Announcement
The firm also recently announced a dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be paid a $0.1168 dividend. This represents a yield of 19.85%. The ex-dividend date is Thursday, May 15th.
Cornerstone Total Return Fund Profile
(
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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