Creative Financial Designs Inc. ADV Sells 54,101 Shares of Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF)

Creative Financial Designs Inc. ADV cut its position in shares of Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF - Free Report) by 61.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,326 shares of the investment management company's stock after selling 54,101 shares during the period. Creative Financial Designs Inc. ADV's holdings in Cornerstone Total Return Fund were worth $239,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Oppenheimer & Co. Inc. lifted its position in Cornerstone Total Return Fund by 35.8% in the fourth quarter. Oppenheimer & Co. Inc. now owns 20,185 shares of the investment management company's stock worth $175,000 after buying an additional 5,325 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Cornerstone Total Return Fund in the 4th quarter worth about $1,470,000. Independent Advisor Alliance bought a new stake in shares of Cornerstone Total Return Fund in the 4th quarter worth about $188,000. HighTower Advisors LLC purchased a new position in shares of Cornerstone Total Return Fund during the 4th quarter worth about $190,000. Finally, SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co bought a new position in Cornerstone Total Return Fund during the 4th quarter valued at about $326,000. Hedge funds and other institutional investors own 10.41% of the company's stock.

Cornerstone Total Return Fund Price Performance

Shares of CRF stock traded down $0.04 on Wednesday, reaching $7.84. 773,577 shares of the company's stock were exchanged, compared to its average volume of 1,024,766. The company's fifty day simple moving average is $7.24 and its 200 day simple moving average is $7.89. Cornerstone Total Return Fund, Inc. has a 52 week low of $5.81 and a 52 week high of $9.75.

Cornerstone Total Return Fund Announces Dividend

The business also recently announced a dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were paid a $0.1168 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a yield of 19.85%.

About Cornerstone Total Return Fund

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.