Atria Wealth Solutions Inc. Cuts Stake in Cornerstone Total Return Fund, Inc. $CRF

Atria Wealth Solutions Inc. lowered its position in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) by 69.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,398 shares of the investment management company’s stock after selling 114,620 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Cornerstone Total Return Fund were worth $404,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Oppenheimer & Co. Inc. boosted its stake in Cornerstone Total Return Fund by 9.9% in the first quarter. Oppenheimer & Co. Inc. now owns 22,185 shares of the investment management company’s stock worth $159,000 after buying an additional 2,000 shares in the last quarter. Ieq Capital LLC purchased a new stake in Cornerstone Total Return Fund in the first quarter worth approximately $244,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Cornerstone Total Return Fund in the second quarter worth approximately $88,000. Tabor Asset Management LP purchased a new stake in Cornerstone Total Return Fund in the first quarter worth approximately $2,648,000. Finally, Ursa Fund Management LLC purchased a new stake in Cornerstone Total Return Fund in the first quarter worth approximately $359,000. Hedge funds and other institutional investors own 10.41% of the company’s stock.

Cornerstone Total Return Fund Price Performance

Shares of CRF opened at $7.99 on Tuesday. The stock has a 50 day simple moving average of $7.95 and a two-hundred day simple moving average of $7.56. Cornerstone Total Return Fund, Inc. has a 1 year low of $5.81 and a 1 year high of $9.75.

Cornerstone Total Return Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be given a $0.1168 dividend. The ex-dividend date is Monday, December 15th. This represents a c) annualized dividend and a yield of 17.5%.

Insiders Place Their Bets

In other Cornerstone Total Return Fund news, Director Matthew Morris sold 35,000 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $7.90, for a total value of $276,500.00. Following the completion of the sale, the director owned 11,468 shares in the company, valued at approximately $90,597.20. The trade was a 75.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 53,273 shares of company stock valued at $420,309 in the last ninety days. Insiders own 14.50% 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.