Cornerstone Total Return Fund (NYSEAMERICAN:CRF) Stock Passes Below 200 Day Moving Average – What’s Next?

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.94 and traded as low as $7.90. Cornerstone Total Return Fund shares last traded at $7.91, with a volume of 1,124,580 shares.

Cornerstone Total Return Fund Price Performance

The firm has a 50 day moving average price of $7.97 and a two-hundred day moving average price of $7.94.

Cornerstone Total Return Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be given a $0.1176 dividend. The ex-dividend date is Monday, March 16th. This represents a c) dividend on an annualized basis and a dividend yield of 17.8%.

Institutional Investors Weigh In On Cornerstone Total Return Fund

Large investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC bought a new stake in Cornerstone Total Return Fund in the second quarter worth approximately $88,000. PFG Investments LLC boosted its holdings in shares of Cornerstone Total Return Fund by 33.3% during the 2nd quarter. PFG Investments LLC now owns 179,492 shares of the investment management company’s stock worth $1,391,000 after buying an additional 44,811 shares in the last quarter. Osaic Holdings Inc. increased its stake in shares of Cornerstone Total Return Fund by 50.9% in the 2nd quarter. Osaic Holdings Inc. now owns 274,499 shares of the investment management company’s stock valued at $2,127,000 after acquiring an additional 92,541 shares in the last quarter. Anfield Capital Management LLC acquired a new position in shares of Cornerstone Total Return Fund during the 2nd quarter valued at $52,000. Finally, Allworth Financial LP bought a new position in Cornerstone Total Return Fund during the second quarter worth $67,000. 10.41% of the stock is currently owned by institutional investors and hedge funds.

Cornerstone Total Return Fund Company Profile

Cornerstone Total Return Fund (NYSE American: CRF) is a diversified, closed-end management investment company that seeks to provide shareholders with a combination of current income and capital appreciation. Since its initial public offering in 1989, the fund has offered investors exposure to a broad range of fixed-income and equity-related securities, leveraging a total-return strategy. Its shares trade on the NYSE American exchange, providing daily liquidity in a closed-end format.

The fund’s principal investment approach involves allocating assets across convertible securities, high-yield corporate debt, bank loans and common equities.