Tabor Asset Management LP Invests $2.65 Million in 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 its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 368,799 shares of the investment management company's stock, valued at approximately $2,648,000.

Several other institutional investors also recently bought and sold shares of the business. Marshall & Sterling Wealth Advisors Inc. acquired a new position in Cornerstone Total Return Fund during the fourth quarter valued at $26,000. Quarry LP increased its stake in shares of 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 purchasing an additional 1,853 shares in the last quarter. Valmark Advisers Inc. purchased a new stake in shares of Cornerstone Total Return Fund during the first quarter worth about $86,000. Mariner LLC grew its stake in Cornerstone Total Return Fund by 8.2% during the 4th quarter. Mariner LLC now owns 15,016 shares of the investment management company's stock valued at $130,000 after acquiring an additional 1,134 shares in the last quarter. Finally, BIP Wealth LLC purchased a new stake in Cornerstone Total Return Fund during the 4th quarter valued at about $139,000. 10.41% of the stock is owned by hedge funds and other institutional investors.

Cornerstone Total Return Fund Stock Performance

NYSEAMERICAN:CRF traded up $0.05 on Thursday, hitting $7.90. The stock had a trading volume of 510,939 shares, compared to its average volume of 1,184,673. The company has a fifty day moving average price of $7.58 and a two-hundred day moving average price of $7.81. Cornerstone Total Return Fund, Inc. has a 1-year low of $5.81 and a 1-year high of $9.75.

Cornerstone Total Return Fund Announces Dividend

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

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.