Cornerstone Total Return Fund (NYSEAMERICAN:CRF) Stock Passes Above Fifty Day Moving Average of $7.21

Shares of Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) passed above its fifty day moving average during trading on Monday . The stock has a fifty 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 trading hands.

Cornerstone Total Return Fund Trading Up 0.7 %

The business’s 50 day simple moving average is $7.21.

Cornerstone Total Return Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, June 28th. Shareholders 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 yield of 17.14%. The ex-dividend date is Friday, June 14th.

Institutional Trading of Cornerstone Total Return Fund

A number of hedge funds have recently modified their holdings of CRF. Virtu Financial LLC acquired a new stake in shares of Cornerstone Total Return Fund during the 4th quarter worth about $182,000. Main Street Financial Solutions LLC increased its position in Cornerstone Total Return Fund by 61.8% during 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 during the period. PFG Investments LLC bought a new position in Cornerstone Total Return Fund during the first quarter worth about $874,000. Finally, Cable Car Capital LLC bought a new position in Cornerstone Total Return Fund during the fourth quarter worth about $4,672,000. Institutional investors and hedge funds own 10.41% 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.