Mirador Capital Partners LP acquired a new position in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 79,017 shares of the investment management company’s stock, valued at approximately $567,000.
Several other institutional investors and hedge funds have also recently modified their holdings of CRF. Newbridge Financial Services Group Inc. bought a new stake in shares of Cornerstone Total Return Fund during the 2nd quarter valued at about $29,000. Northwestern Mutual Wealth Management Co. raised its stake in Cornerstone Total Return Fund by 902.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,729 shares of the investment management company’s stock worth $29,000 after buying an additional 3,357 shares in the last quarter. Ascentis Independent Advisors purchased a new stake in Cornerstone Total Return Fund in the first quarter worth about $33,000. Destination Wealth Management purchased a new stake in Cornerstone Total Return Fund in the fourth quarter worth about $80,000. Finally, Goldman Sachs Group Inc. bought a new stake in Cornerstone Total Return Fund during the 4th quarter valued at approximately $80,000. 10.41% of the stock is owned by hedge funds and other institutional investors.
Cornerstone Total Return Fund Stock Performance
CRF stock opened at $7.17 on Friday. Cornerstone Total Return Fund, Inc. has a fifty-two week low of $6.56 and a fifty-two week high of $8.25. The business’s 50 day moving average price is $7.14 and its two-hundred day moving average price is $7.25.
About Cornerstone Total Return Fund
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.
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