Cornerstone Total Return Fund (NYSEAMERICAN:CRF) Stock Crosses Above 50 Day Moving Average of $7.35

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRFGet Free Report) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $7.35 and traded as high as $7.78. Cornerstone Total Return Fund shares last traded at $7.72, with a volume of 705,267 shares changing hands.

Cornerstone Total Return Fund Price Performance

The stock’s 50-day simple moving average is $7.35.

Cornerstone Total Return Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be given a $0.1037 dividend. The ex-dividend date is Monday, September 16th. This represents a $1.24 annualized dividend and a dividend yield of 16.13%.

Institutional Investors Weigh In On Cornerstone Total Return Fund

Large investors have recently made changes to their positions in the company. Virtu Financial LLC bought a new stake in shares of Cornerstone Total Return Fund in the fourth quarter worth about $182,000. Main Street Financial Solutions LLC increased its holdings in shares of Cornerstone Total Return Fund by 61.8% in the fourth quarter. Main Street Financial Solutions LLC now owns 26,626 shares of the investment management company’s stock worth $188,000 after purchasing an additional 10,166 shares during the last quarter. StoneX Group Inc. increased its holdings in shares of Cornerstone Total Return Fund by 36.4% in the first quarter. StoneX Group Inc. now owns 46,451 shares of the investment management company’s stock worth $349,000 after purchasing an additional 12,391 shares during the last quarter. PFG Investments LLC bought a new stake in shares of Cornerstone Total Return Fund in the first quarter worth about $874,000. Finally, Commonwealth Equity Services LLC increased its holdings in shares of Cornerstone Total Return Fund by 3.5% in the first quarter. Commonwealth Equity Services LLC now owns 204,988 shares of the investment management company’s stock worth $1,539,000 after purchasing an additional 7,020 shares during the last quarter. 10.41% of the stock is owned by institutional investors.

About Cornerstone Total Return Fund

(Get Free Report)

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.

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