Cornerstone Total Return Fund (NYSEAMERICAN:CRF) Share Price Crosses Above Fifty Day Moving Average of $7.21

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF)’s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $7.21 and traded as high as $7.28. Cornerstone Total Return Fund shares last traded at $7.26, with a volume of 444,900 shares changing hands.

Cornerstone Total Return Fund Price Performance

The firm has a 50 day simple moving average of $7.21.

Cornerstone Total Return Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $0.1037 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 16.79%. The ex-dividend date of this dividend is Friday, June 14th.

Institutional Investors Weigh In On Cornerstone Total Return Fund

A number of institutional investors have recently added to or reduced their stakes in CRF. Main Street Financial Solutions LLC raised its position in Cornerstone Total Return Fund by 61.8% in the fourth quarter. Main Street Financial Solutions LLC now owns 26,626 shares of the investment management company’s stock worth $188,000 after acquiring an additional 10,166 shares in the last quarter. Cable Car Capital LLC acquired a new position in shares of Cornerstone Total Return Fund in the 4th quarter worth approximately $4,672,000. Virtu Financial LLC bought a new stake in shares of Cornerstone Total Return Fund in the 4th quarter worth approximately $182,000. Finally, PFG Investments LLC acquired a new stake in shares of Cornerstone Total Return Fund during the 1st quarter valued at $874,000. 10.41% of the stock is currently owned by institutional investors and hedge funds.

Cornerstone Total Return Fund Company Profile

Cornerstone Total Return Fund, 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.