Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF – Get Free Report) Vice Chairman Joshua Bradshaw acquired 20,000 shares of Cornerstone Total Return Fund stock in a transaction on Tuesday, October 20th. The shares were bought at an average price of $5.88 per share, for a total transaction of $117,600.00. Following the purchase, the insider owned 20,484 shares of the company’s stock, valued at $120,445.92. This represents a 4,132.23% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Cornerstone Total Return Fund Price Performance
Shares of NYSEAMERICAN CRF traded up $0.09 on Wednesday, hitting $5.96. The company had a trading volume of 1,195,262 shares, compared to its average volume of 1,440,984. Cornerstone Total Return Fund, Inc. has a 12-month low of $5.82 and a 12-month high of $8.16. The business has a 50 day moving average of $6.31 and a two-hundred day moving average of $6.87.
Cornerstone Total Return Fund Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be issued a dividend of $0.1176 per share. This represents a $1.41 annualized dividend and a dividend yield of 23.7%. The ex-dividend date is Tuesday, December 15th.
Hedge Funds Weigh In On Cornerstone Total Return Fund
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Firethorn Wealth Partners LLC boosted its holdings in Cornerstone Total Return Fund by 5.5% in the 3rd quarter. Firethorn Wealth Partners LLC now owns 37,922 shares of the investment management company’s stock worth $234,000 after acquiring an additional 1,963 shares during the period. Farther Finance Advisors LLC grew its position in Cornerstone Total Return Fund by 3.0% in the third quarter. Farther Finance Advisors LLC now owns 81,978 shares of the investment management company’s stock valued at $505,000 after acquiring an additional 2,405 shares in the last quarter. CoreCap Advisors LLC grew its position in Cornerstone Total Return Fund by 149.2% in the third quarter. CoreCap Advisors LLC now owns 35,072 shares of the investment management company’s stock valued at $216,000 after acquiring an additional 21,000 shares in the last quarter. Mallini Complete Financial Planning LLC grew its position in Cornerstone Total Return Fund by 2.3% in the third quarter. Mallini Complete Financial Planning LLC now owns 87,687 shares of the investment management company’s stock valued at $540,000 after acquiring an additional 2,011 shares in the last quarter. Finally, Integrated Wealth Concepts LLC grew its position in Cornerstone Total Return Fund by 32.9% in the second quarter. Integrated Wealth Concepts LLC now owns 13,523 shares of the investment management company’s stock valued at $97,000 after acquiring an additional 3,347 shares in the last quarter. 10.41% of the stock is owned by institutional investors and hedge funds.
Cornerstone Total Return Fund Company Profile
Cornerstone Total Return Fund, Inc is a closed-end investment company listed on the NYSE American under the symbol CRF. The fund seeks to provide investors with total return through a combination of current income and long-term capital appreciation.
The fund invests primarily in a portfolio of common stocks and other equity securities. Depending on market conditions and its investment strategy, its holdings may also include preferred stocks, convertible securities and debt instruments.
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