Cambridge Investment Research Advisors Inc. Reduces Stake in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF)

Cambridge Investment Research Advisors Inc. lessened its stake in shares of Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) by 9.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,502 shares of the investment management company’s stock after selling 2,337 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Cornerstone Total Return Fund were worth $169,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of America Corp DE boosted its stake in Cornerstone Total Return Fund by 539.5% during the fourth quarter. Bank of America Corp DE now owns 304,728 shares of the investment management company’s stock valued at $2,648,000 after buying an additional 257,077 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Cornerstone Total Return Fund in the 4th quarter valued at about $1,470,000. Alpine Global Management LLC boosted its position in shares of Cornerstone Total Return Fund by 5.6% during the 4th quarter. Alpine Global Management LLC now owns 2,712,560 shares of the investment management company’s stock valued at $23,572,000 after acquiring an additional 142,632 shares during the last quarter. TrueMark Investments LLC boosted its position in shares of Cornerstone Total Return Fund by 25.4% during the 4th quarter. TrueMark Investments LLC now owns 534,692 shares of the investment management company’s stock valued at $4,646,000 after acquiring an additional 108,386 shares during the last quarter. Finally, LPL Financial LLC grew its holdings in shares of Cornerstone Total Return Fund by 8.5% during the fourth quarter. LPL Financial LLC now owns 1,139,010 shares of the investment management company’s stock worth $9,898,000 after purchasing an additional 89,538 shares in the last quarter. 10.41% of the stock is currently owned by institutional investors.

Cornerstone Total Return Fund Stock Up 0.3%

Shares of CRF opened at $7.96 on Tuesday. Cornerstone Total Return Fund, Inc. has a 1-year low of $5.81 and a 1-year high of $9.75. The firm’s 50 day simple moving average is $7.43 and its 200 day simple moving average is $7.86.

Cornerstone Total Return Fund Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Thursday, July 31st. Stockholders of record on Wednesday, July 16th will be given a dividend of $0.1168 per share. This represents a dividend yield of 17.67%. The ex-dividend date is Tuesday, July 15th.

Cornerstone Total Return Fund 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.