PFG Investments LLC Increases Stake in Cornerstone Total Return Fund, Inc. $CRF

PFG Investments LLC boosted its holdings in shares of Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF - Free Report) by 33.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 179,492 shares of the investment management company's stock after buying an additional 44,811 shares during the quarter. PFG Investments LLC owned 0.15% of Cornerstone Total Return Fund worth $1,391,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CRF. Valmark Advisers Inc. purchased a new position in Cornerstone Total Return Fund during the 1st quarter worth approximately $86,000. Wealth Enhancement Advisory Services LLC acquired a new stake in Cornerstone Total Return Fund in the 2nd quarter valued at $88,000. Brookwood Investment Group LLC acquired a new stake in Cornerstone Total Return Fund in the 1st quarter valued at $90,000. Oppenheimer & Co. Inc. grew its stake in Cornerstone Total Return Fund by 9.9% in the 1st quarter. Oppenheimer & Co. Inc. now owns 22,185 shares of the investment management company's stock valued at $159,000 after acquiring an additional 2,000 shares during the period. Finally, Integrity Alliance LLC. acquired a new stake in Cornerstone Total Return Fund during the 1st quarter worth $178,000. 10.41% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Cornerstone Total Return Fund

In other Cornerstone Total Return Fund news, Director Matthew Morris sold 35,000 shares of Cornerstone Total Return Fund stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $7.90, for a total transaction of $276,500.00. Following the sale, the director owned 11,468 shares of the company's stock, valued at $90,597.20. The trade was a 75.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 53,273 shares of company stock worth $420,309. Insiders own 12.22% of the company's stock.

Cornerstone Total Return Fund Stock Up 0.6%

Shares of CRF opened at $8.09 on Thursday. Cornerstone Total Return Fund, Inc. has a 52-week low of $5.81 and a 52-week high of $9.75. The firm's fifty day moving average is $7.88 and its two-hundred day moving average is $7.48.

Cornerstone Total Return Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be paid a dividend of $0.1168 per share. This represents a c) annualized dividend and a yield of 17.3%. The ex-dividend date of this dividend is Monday, December 15th.

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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