Cornerstone Total Return Fund (NYSEAMERICAN:CRF) Share Price Crosses Below 200-Day Moving Average – Time to Sell?

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 $7.90 and traded as low as $7.54. Cornerstone Total Return Fund shares last traded at $7.57, with a volume of 580,500 shares.

Cornerstone Total Return Fund Stock Down 0.4%

The business’s fifty day moving average is $7.16 and its 200 day moving average is $7.90.

Cornerstone Total Return Fund Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were issued a $0.1168 dividend. The ex-dividend date was Thursday, May 15th. This represents a dividend yield of 19.85%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Alpine Global Management LLC grew its stake in Cornerstone Total Return Fund by 5.6% in the 4th quarter. Alpine Global Management LLC now owns 2,712,560 shares of the investment management company’s stock valued at $23,572,000 after buying an additional 142,632 shares in the last quarter. LPL Financial LLC grew its stake in Cornerstone Total Return Fund by 5.9% in the 1st quarter. LPL Financial LLC now owns 1,206,414 shares of the investment management company’s stock valued at $8,662,000 after buying an additional 67,404 shares in the last quarter. TrueMark Investments LLC grew its stake in Cornerstone Total Return Fund by 25.4% in the 4th quarter. TrueMark Investments LLC now owns 534,692 shares of the investment management company’s stock valued at $4,646,000 after buying an additional 108,386 shares in the last quarter. Perennial Investment Advisors LLC grew its stake in Cornerstone Total Return Fund by 6.3% in the 4th quarter. Perennial Investment Advisors LLC now owns 402,653 shares of the investment management company’s stock valued at $3,499,000 after buying an additional 23,973 shares in the last quarter. Finally, Tabor Asset Management LP purchased a new position in Cornerstone Total Return Fund in the 1st quarter valued at approximately $2,648,000. 10.41% of the stock is currently owned by hedge funds and other institutional investors.

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.