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

Tabor Asset Management LP acquired 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 13F filing with the Securities and Exchange Commission. The firm acquired 368,799 shares of the investment management company's stock, valued at approximately $2,648,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new stake in shares of Cornerstone Total Return Fund during the 4th quarter worth $1,470,000. Independent Advisor Alliance bought a new position in Cornerstone Total Return Fund in the fourth quarter valued at approximately $188,000. HighTower Advisors LLC acquired a new position in Cornerstone Total Return Fund during the fourth quarter valued at approximately $190,000. Commonwealth Equity Services LLC raised its position in Cornerstone Total Return Fund by 1.9% during the fourth 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. Finally, LPL Financial LLC raised its position in Cornerstone Total Return Fund by 8.5% during the fourth 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. Institutional investors own 10.41% of the company's stock.

Cornerstone Total Return Fund Stock Down 0.1%

CRF traded down $0.01 during trading on Friday, hitting $7.72. 593,909 shares of the stock traded hands, compared to its average volume of 1,032,410. Cornerstone Total Return Fund, Inc. has a twelve month low of $5.81 and a twelve month high of $9.75. The business has a 50 day moving average price of $7.53 and a 200 day moving average price of $7.84.

Cornerstone Total Return Fund Announces Dividend

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

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.