Cornerstone Total Return Fund (NYSEAMERICAN:CRF) Share Price Crosses Above Fifty Day Moving Average of $7.10

Shares of Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $7.10 and traded as high as $7.38. Cornerstone Total Return Fund shares last traded at $7.37, with a volume of 558,706 shares traded.

Cornerstone Total Return Fund Price Performance

The stock has a fifty day moving average price of $7.10.

Cornerstone Total Return Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $0.1037 dividend. The ex-dividend date is Friday, June 14th. This represents a $1.24 annualized dividend and a yield of 16.68%.

Institutional Trading of Cornerstone Total Return Fund

Several institutional investors and hedge funds have recently bought and sold shares of CRF. UBS Group AG grew its position in shares of Cornerstone Total Return Fund by 4,940.5% in the third quarter. UBS Group AG now owns 4,234 shares of the investment management company’s stock valued at $34,000 after purchasing an additional 4,150 shares during the last quarter. Private Advisor Group LLC acquired a new stake in Cornerstone Total Return Fund during the first quarter worth approximately $81,000. Jane Street Group LLC acquired a new stake in Cornerstone Total Return Fund during the fourth quarter worth approximately $88,000. Citadel Advisors LLC acquired a new stake in Cornerstone Total Return Fund during the second quarter worth approximately $102,000. Finally, Envestnet Asset Management Inc. acquired a new stake in Cornerstone Total Return Fund during the fourth quarter worth approximately $104,000. Institutional investors own 10.41% of the company’s stock.

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.