Raymond James Financial Inc. Takes $1.47 Million Position in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF)

Raymond James Financial Inc. purchased a new position in shares of Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 169,213 shares of the investment management company's stock, valued at approximately $1,470,000. Raymond James Financial Inc. owned approximately 0.16% of Cornerstone Total Return Fund as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. LPL Financial LLC grew its stake in 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. Winebrenner Capital Management LLC acquired a new stake in shares of Cornerstone Total Return Fund during the fourth quarter worth approximately $956,000. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co acquired a new stake in shares of Cornerstone Total Return Fund during the fourth quarter worth approximately $326,000. TrueMark Investments LLC increased its stake in shares of Cornerstone Total Return Fund by 25.4% in the fourth 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 during the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in Cornerstone Total Return Fund by 1.9% in 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 acquiring an additional 3,782 shares in the last quarter. Hedge funds and other institutional investors own 10.41% of the company's stock.

Cornerstone Total Return Fund Stock Performance

Shares of CRF stock traded up $0.04 on Wednesday, hitting $6.72. 754,851 shares of the stock traded hands, compared to its average volume of 943,275. The company's fifty day moving average is $7.10 and its 200 day moving average is $7.98. 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 business also recently declared a monthly dividend, which was paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th were issued a $0.1168 dividend. This represents a $1.40 annualized dividend and a dividend yield of 20.87%. The ex-dividend date of this dividend was Tuesday, April 15th.

Cornerstone Total Return Fund 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.