Cetera Investment Advisers Purchases 6,324 Shares of Cornerstone Total Return Fund, Inc. $CRF

Cetera Investment Advisers raised its position in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) by 15.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 47,360 shares of the investment management company’s stock after purchasing an additional 6,324 shares during the period. Cetera Investment Advisers’ holdings in Cornerstone Total Return Fund were worth $340,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Brookwood Investment Group LLC acquired a new position in shares of Cornerstone Total Return Fund in the 1st quarter worth approximately $90,000. Tabor Asset Management LP acquired a new position in shares of Cornerstone Total Return Fund in the 1st quarter worth approximately $2,648,000. Mallini Complete Financial Planning LLC lifted its position in shares of Cornerstone Total Return Fund by 43.1% in the 1st quarter. Mallini Complete Financial Planning LLC now owns 56,604 shares of the investment management company’s stock worth $406,000 after purchasing an additional 17,055 shares during the period. Oppenheimer & Co. Inc. lifted its position in shares of Cornerstone Total Return Fund by 9.9% in the 1st quarter. Oppenheimer & Co. Inc. now owns 22,185 shares of the investment management company’s stock worth $159,000 after purchasing an additional 2,000 shares during the period. Finally, Valmark Advisers Inc. acquired a new position in shares of Cornerstone Total Return Fund in the 1st quarter worth approximately $86,000. Institutional investors and hedge funds own 10.41% of the company’s stock.

Cornerstone Total Return Fund Stock Performance

Shares of NYSEAMERICAN CRF opened at $7.76 on Wednesday. Cornerstone Total Return Fund, Inc. has a 52-week low of $5.81 and a 52-week high of $9.75. The company’s 50 day moving average price is $7.76 and its 200-day moving average price is $7.65.

Cornerstone Total Return Fund Dividend Announcement

The company also recently declared a dividend, which will be paid on Friday, August 29th. Stockholders of record on Monday, August 18th will be given a $0.1168 dividend. The ex-dividend date is Friday, August 15th. This represents a dividend yield of 1,779.0%.

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.