Shares of Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF - Get Free Report) saw an uptick in trading volume on Monday . 680,055 shares were traded during trading, an increase of 12% from the previous session's volume of 609,218 shares.The stock last traded at $7.75 and had previously closed at $7.68.
Cornerstone Total Return Fund Trading Up 1.2 %
The stock has a 50 day moving average price of $7.18.
Cornerstone Total Return Fund Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $0.1037 dividend. This represents a $1.24 annualized dividend and a yield of 16.02%. The ex-dividend date is Friday, June 14th.
Hedge Funds Weigh In On Cornerstone Total Return Fund
Several hedge funds and other institutional investors have recently made changes to their positions in CRF. Raymond James & Associates increased its position in Cornerstone Total Return Fund by 15.2% during the 1st quarter. Raymond James & Associates now owns 108,182 shares of the investment management company's stock worth $1,505,000 after purchasing an additional 14,258 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of Cornerstone Total Return Fund by 20.0% during the 1st quarter. Private Advisor Group LLC now owns 20,713 shares of the investment management company's stock valued at $288,000 after acquiring an additional 3,454 shares during the period. Centaurus Financial Inc. lifted its position in shares of Cornerstone Total Return Fund by 534.9% during the 1st quarter. Centaurus Financial Inc. now owns 95,634 shares of the investment management company's stock valued at $1,330,000 after acquiring an additional 80,571 shares during the period. UBS Group AG acquired a new position in shares of Cornerstone Total Return Fund during the 1st quarter valued at $47,000. Finally, Atria Wealth Solutions Inc. acquired a new position in shares of Cornerstone Total Return Fund during the 1st quarter valued at $2,168,000. 10.41% of the stock is currently owned by institutional investors and hedge funds.
Cornerstone Total Return Fund Company Profile
(
Get 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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