Perennial Investment Advisors LLC bought a new position in shares of Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 500,924 shares of the investment management company's stock, valued at approximately $3,597,000. Perennial Investment Advisors LLC owned approximately 0.43% of Cornerstone Total Return Fund as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently bought and sold shares of the company. Cetera Investment Advisers grew its stake in Cornerstone Total Return Fund by 3.3% during the second quarter. Cetera Investment Advisers now owns 48,911 shares of the investment management company's stock worth $379,000 after buying an additional 1,551 shares during the period. Mariner LLC lifted its holdings in shares of Cornerstone Total Return Fund by 9.2% during the 4th quarter. Mariner LLC now owns 21,351 shares of the investment management company's stock valued at $171,000 after acquiring an additional 1,794 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of Cornerstone Total Return Fund by 4.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 51,106 shares of the investment management company's stock valued at $409,000 after acquiring an additional 2,105 shares in the last quarter. Chicago Partners Investment Group LLC boosted its position in Cornerstone Total Return Fund by 3.7% during the 1st quarter. Chicago Partners Investment Group LLC now owns 64,188 shares of the investment management company's stock worth $459,000 after purchasing an additional 2,303 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in Cornerstone Total Return Fund by 6.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 39,762 shares of the investment management company's stock valued at $320,000 after purchasing an additional 2,462 shares in the last quarter. Hedge funds and other institutional investors own 10.41% of the company's stock.
Cornerstone Total Return Fund Price Performance
NYSEAMERICAN:CRF opened at $6.43 on Thursday. The business's 50-day moving average is $7.03 and its two-hundred day moving average is $7.15. Cornerstone Total Return Fund, Inc. has a 12 month low of $6.42 and a 12 month high of $8.25.
Cornerstone Total Return Fund Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be paid a $0.1176 dividend. The ex-dividend date is Tuesday, December 15th. This represents a c) dividend on an annualized basis and a dividend yield of 21.9%.
About Cornerstone Total Return Fund
(
Free Report)
Cornerstone Total Return Fund (NYSE American: CRF) is a diversified, closed-end management investment company that seeks to provide shareholders with a combination of current income and capital appreciation. Since its initial public offering in 1989, the fund has offered investors exposure to a broad range of fixed-income and equity-related securities, leveraging a total-return strategy. Its shares trade on the NYSE American exchange, providing daily liquidity in a closed-end format.
The fund's principal investment approach involves allocating assets across convertible securities, high-yield corporate debt, bank loans and common equities.
Further Reading
Want to see what other hedge funds are holding CRF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF - Free Report).
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