SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co Takes Position in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF)

SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co purchased a new position in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 37,569 shares of the investment management company’s stock, valued at approximately $326,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Quarry LP acquired a new stake in shares of Cornerstone Total Return Fund during the 3rd quarter worth approximately $42,000. Oppenheimer & Co. Inc. acquired a new stake in Cornerstone Total Return Fund during the third quarter worth $120,000. Virtu Financial LLC increased its stake in Cornerstone Total Return Fund by 70.3% during the third 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 during the last quarter. Wealth Management Nebraska acquired a new position in shares of Cornerstone Total Return Fund in the 4th quarter valued at $164,000. Finally, Independent Advisor Alliance purchased a new position in shares of Cornerstone Total Return Fund during the 4th quarter worth $188,000. 10.41% of the stock is owned by hedge funds and other institutional investors.

Cornerstone Total Return Fund Stock Performance

Shares of CRF opened at $7.59 on Wednesday. The firm has a 50-day moving average of $8.53. Cornerstone Total Return Fund, Inc. has a 12-month low of $6.52 and a 12-month high of $9.75.

Cornerstone Total Return Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a $0.1168 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.40 annualized dividend and a dividend yield of 18.47%.

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.