Creative Financial Designs Inc. ADV Acquires 1,690 Shares of Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF)

Creative Financial Designs Inc. ADV raised its holdings in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) by 2.0% in the 4th quarter, HoldingsChannel reports. The firm owned 87,427 shares of the investment management company’s stock after purchasing an additional 1,690 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Cornerstone Total Return Fund were worth $760,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of CRF. Commonwealth Equity Services LLC raised its position in shares of Cornerstone Total Return Fund by 1.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 200,102 shares of the investment management company’s stock worth $1,739,000 after acquiring an additional 3,782 shares during the last quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co bought a new stake in shares of Cornerstone Total Return Fund during the fourth quarter worth $326,000. HighTower Advisors LLC bought a new stake in shares of Cornerstone Total Return Fund during the fourth quarter worth $190,000. Independent Advisor Alliance bought a new stake in shares of Cornerstone Total Return Fund during the fourth quarter worth $188,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Cornerstone Total Return Fund during the fourth quarter worth $1,470,000. Institutional investors own 10.41% of the company’s stock.

Cornerstone Total Return Fund Stock Performance

CRF stock opened at $7.30 on Wednesday. Cornerstone Total Return Fund, Inc. has a twelve month low of $6.52 and a twelve month high of $9.75. The business has a fifty day moving average of $8.44 and a 200-day moving average of $8.22.

Cornerstone Total Return Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.1168 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 19.20%.

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.