Commonwealth Equity Services LLC Increases Stake in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF)

Commonwealth Equity Services LLC raised its holdings in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) by 1.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 200,102 shares of the investment management company’s stock after acquiring an additional 3,782 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Cornerstone Total Return Fund were worth $1,739,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CRF. Quarry LP acquired a new position in shares of Cornerstone Total Return Fund during the third quarter worth about $42,000. Virtu Financial LLC grew its holdings in Cornerstone Total Return Fund by 70.3% during the 3rd quarter. Virtu Financial LLC now owns 18,637 shares of the investment management company’s stock worth $151,000 after acquiring an additional 7,696 shares in the last quarter. Wealth Management Nebraska purchased a new stake in shares of Cornerstone Total Return Fund in the 4th quarter valued at approximately $164,000. Oppenheimer & Co. Inc. raised its holdings in shares of Cornerstone Total Return Fund by 35.8% in the 4th quarter. Oppenheimer & Co. Inc. now owns 20,185 shares of the investment management company’s stock valued at $175,000 after purchasing an additional 5,325 shares in the last quarter. Finally, Independent Advisor Alliance purchased a new stake in shares of Cornerstone Total Return Fund during the 4th quarter worth $188,000. Institutional investors and hedge funds own 10.41% of the company’s stock.

Cornerstone Total Return Fund Price Performance

NYSEAMERICAN:CRF opened at $7.17 on Friday. Cornerstone Total Return Fund, Inc. has a 12 month low of $6.52 and a 12 month high of $9.75. The business’s fifty day moving average price is $8.24 and its 200 day moving average price is $8.19.

Cornerstone Total Return Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be issued a $0.1168 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 19.55%.

Cornerstone Total Return Fund Company 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.