Cornerstone Total Return Fund (NYSEAMERICAN:CRF) Shares Gap Down – What’s Next?

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) shares gapped down before the market opened on Monday . The stock had previously closed at $8.88, but opened at $8.10. Cornerstone Total Return Fund shares last traded at $8.13, with a volume of 1,781,271 shares traded.

Cornerstone Total Return Fund Stock Up 0.7 %

The business’s 50 day moving average is $8.06.

Cornerstone Total Return Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a $0.1168 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.40 annualized dividend and a yield of 17.04%.

Institutional Investors Weigh In On Cornerstone Total Return Fund

Hedge funds have recently made changes to their positions in the business. Mariner LLC increased its stake in Cornerstone Total Return Fund by 8.2% in the 4th quarter. Mariner LLC now owns 15,016 shares of the investment management company’s stock valued at $130,000 after buying an additional 1,134 shares during the period. Grimes & Company Inc. boosted its stake in shares of Cornerstone Total Return Fund by 4.9% during the 4th quarter. Grimes & Company Inc. now owns 25,556 shares of the investment management company’s stock worth $222,000 after acquiring an additional 1,193 shares in the last quarter. Creative Financial Designs Inc. ADV increased its stake in shares of Cornerstone Total Return Fund by 2.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 87,427 shares of the investment management company’s stock worth $760,000 after purchasing an additional 1,690 shares in the last quarter. Quarry LP lifted its stake in Cornerstone Total Return Fund by 35.8% in the 4th quarter. Quarry LP now owns 7,022 shares of the investment management company’s stock valued at $61,000 after buying an additional 1,853 shares in the last quarter. Finally, Main Street Financial Solutions LLC grew its holdings in Cornerstone Total Return Fund by 6.7% during the 3rd quarter. Main Street Financial Solutions LLC now owns 46,143 shares of the investment management company’s stock valued at $373,000 after buying an additional 2,896 shares during the last quarter. Institutional investors and hedge funds own 10.41% of the company’s stock.

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.