Creative Financial Designs Inc. ADV Reduces Stock Position in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF)

Creative Financial Designs Inc. ADV lessened its stake in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF - Free Report) by 61.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Cornerstone Total Return Fund during the 4th quarter valued at about $26,000. Quarry LP grew its position in Cornerstone Total Return Fund by 35.8% during the fourth quarter. Quarry LP now owns 7,022 shares of the investment management company's stock valued at $61,000 after buying an additional 1,853 shares during the period. Valmark Advisers Inc. purchased a new stake in Cornerstone Total Return Fund during the first quarter valued at approximately $86,000. Mariner LLC increased its holdings 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 valued at $130,000 after buying an additional 1,134 shares during the last quarter. Finally, BIP Wealth LLC bought a new position in Cornerstone Total Return Fund in the fourth quarter worth approximately $139,000. 10.41% of the stock is currently owned by hedge funds and other institutional investors.

Cornerstone Total Return Fund Price Performance

NYSEAMERICAN:CRF opened at $7.60 on Friday. The stock has a 50-day simple moving average of $7.19 and a two-hundred day simple moving average of $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 company 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 was Thursday, May 15th. This represents a dividend yield of 19.85%.

Cornerstone Total Return Fund 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.

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