Tabor Asset Management LP acquired a new stake in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 368,799 shares of the investment management company's stock, valued at approximately $2,648,000.
Several other institutional investors have also modified their holdings of the company. Bank of America Corp DE raised its stake in Cornerstone Total Return Fund by 539.5% during the fourth quarter. Bank of America Corp DE now owns 304,728 shares of the investment management company's stock worth $2,648,000 after acquiring an additional 257,077 shares during the period. Raymond James Financial Inc. acquired a new position in Cornerstone Total Return Fund in the 4th quarter worth approximately $1,470,000. Alpine Global Management LLC lifted its position in Cornerstone Total Return Fund by 5.6% in the 4th quarter. Alpine Global Management LLC now owns 2,712,560 shares of the investment management company's stock worth $23,572,000 after buying an additional 142,632 shares in the last quarter. TrueMark Investments LLC lifted its position in Cornerstone Total Return Fund by 25.4% in the 4th quarter. TrueMark Investments LLC now owns 534,692 shares of the investment management company's stock worth $4,646,000 after buying an additional 108,386 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in shares of Cornerstone Total Return Fund by 8.5% during the 4th quarter. LPL Financial LLC now owns 1,139,010 shares of the investment management company's stock valued at $9,898,000 after purchasing an additional 89,538 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
Shares of Cornerstone Total Return Fund stock traded up $0.03 during trading on Monday, hitting $7.75. 383,810 shares of the company's stock traded hands, compared to its average volume of 1,032,811. Cornerstone Total Return Fund, Inc. has a twelve month low of $5.81 and a twelve month high of $9.75. The firm's fifty day moving average price is $7.53 and its 200 day moving average price is $7.83.
Cornerstone Total Return Fund Announces Dividend
The business also recently announced a dividend, which will be paid on Thursday, July 31st. Stockholders of record on Wednesday, July 16th will be paid a dividend of $0.1168 per share. This represents a dividend yield of 17.67%. The ex-dividend date is Tuesday, July 15th.
About Cornerstone Total Return Fund
(
Free Report)
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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