Fisher Asset Management LLC Trims Stock Position in Cornerstone Total Return Fund, Inc. $CRF

Fisher Asset Management LLC cut its holdings in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) by 85.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,508 shares of the investment management company’s stock after selling 74,727 shares during the period. Fisher Asset Management LLC’s holdings in Cornerstone Total Return Fund were worth $97,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cetera Investment Advisers raised its position in Cornerstone Total Return Fund by 15.4% in the first quarter. Cetera Investment Advisers now owns 47,360 shares of the investment management company’s stock valued at $340,000 after purchasing an additional 6,324 shares during the period. Sit Investment Associates Inc. acquired a new stake in shares of Cornerstone Total Return Fund during the 1st quarter worth about $251,000. Ieq Capital LLC purchased a new stake in Cornerstone Total Return Fund in the 1st quarter valued at about $244,000. Ursa Fund Management LLC acquired a new position in Cornerstone Total Return Fund in the first quarter valued at about $359,000. Finally, Jane Street Group LLC acquired a new position in Cornerstone Total Return Fund in the first quarter valued at about $448,000. Institutional investors and hedge funds own 10.41% of the company’s stock.

Cornerstone Total Return Fund Trading Down 0.6%

Shares of CRF opened at $7.97 on Tuesday. Cornerstone Total Return Fund, Inc. has a 1-year low of $5.81 and a 1-year high of $9.65. The firm has a 50-day simple moving average of $7.99 and a two-hundred day simple moving average of $7.84.

Cornerstone Total Return Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be issued a $0.1176 dividend. This represents a c) annualized dividend and a yield of 17.7%. The ex-dividend date is Monday, March 16th.

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.