Tabor Asset Management LP Acquires Shares of 368,799 Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF)

Tabor Asset Management LP bought a new position in shares of Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 368,799 shares of the investment management company's stock, valued at approximately $2,648,000.

A number of other large investors also recently made changes to their positions in CRF. Mariner LLC grew its position 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 worth $130,000 after buying an additional 1,134 shares in the last quarter. 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 worth $61,000 after buying an additional 1,853 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in Cornerstone Total Return Fund by 9.9% during the first quarter. Oppenheimer & Co. Inc. now owns 22,185 shares of the investment management company's stock worth $159,000 after buying an additional 2,000 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Cornerstone Total Return Fund in the 4th quarter valued at $26,000. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of Cornerstone Total Return Fund by 1.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 200,102 shares of the investment management company's stock valued at $1,739,000 after purchasing an additional 3,782 shares in the last quarter. Institutional investors own 10.41% of the company's stock.

Cornerstone Total Return Fund Trading Up 0.3%

Shares of NYSEAMERICAN CRF traded up $0.03 during mid-day trading on Monday, hitting $7.75. 65,894 shares of the stock traded hands, compared to its average volume of 1,031,920. Cornerstone Total Return Fund, Inc. has a twelve month low of $5.81 and a twelve month high of $9.75. The firm has a 50 day simple moving average of $7.53 and a two-hundred day simple moving average of $7.83.

Cornerstone Total Return Fund Dividend Announcement

The business also recently announced a dividend, which will be paid on Thursday, July 31st. Shareholders of record on Wednesday, July 16th will be issued a dividend of $0.1168 per share. This represents a yield of 17.67%. The ex-dividend date of this dividend is Tuesday, July 15th.

Cornerstone Total Return Fund Company 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.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.