Stratos Wealth Partners LTD. Makes New Investment in Cornerstone Total Return Fund, Inc. $CRF

Stratos Wealth Partners LTD. bought a new stake in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 28,110 shares of the investment management company’s stock, valued at approximately $218,000.

A number of other institutional investors and hedge funds have also modified their holdings of CRF. Red Tortoise LLC bought a new stake in Cornerstone Total Return Fund in the second quarter valued at approximately $25,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Cornerstone Total Return Fund in the 2nd quarter valued at $88,000. Brookwood Investment Group LLC bought a new stake in shares of Cornerstone Total Return Fund in the 1st quarter valued at $90,000. Oppenheimer & Co. Inc. raised its stake in Cornerstone Total Return Fund by 9.9% during the 1st quarter. Oppenheimer & Co. Inc. now owns 22,185 shares of the investment management company’s stock worth $159,000 after buying an additional 2,000 shares during the period. Finally, Integrity Alliance LLC. bought a new position in Cornerstone Total Return Fund during the first quarter worth about $178,000. 10.41% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Cornerstone Total Return Fund news, Director Matthew Morris sold 35,000 shares of Cornerstone Total Return Fund stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $7.90, for a total value of $276,500.00. Following the transaction, the director owned 11,468 shares of the company’s stock, valued at approximately $90,597.20. The trade was a 75.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In the last 90 days, insiders have sold 53,273 shares of company stock worth $420,309. Company insiders own 12.22% of the company’s stock.

Cornerstone Total Return Fund Price Performance

NYSEAMERICAN:CRF opened at $7.94 on Friday. Cornerstone Total Return Fund, Inc. has a 1 year low of $5.81 and a 1 year high of $9.75. The stock has a 50-day moving average price of $7.95 and a two-hundred day moving average price of $7.59.

Cornerstone Total Return Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be paid a dividend of $0.1168 per share. This represents a c) dividend on an annualized basis and a yield of 17.7%. The ex-dividend date of this dividend is Monday, December 15th.

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.