Cornerstone Total Return Fund (NYSEAMERICAN:CRF) Stock Crosses Above 50-Day Moving Average of $7.21

Shares of Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) crossed 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 traded.

Cornerstone Total Return Fund Trading Up 0.7 %

The stock’s fifty day moving average price is $7.21.

Cornerstone Total Return Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $0.1037 dividend. The ex-dividend date is Friday, June 14th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 16.79%.

Institutional Trading of Cornerstone Total Return Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. PFG Investments LLC purchased a new stake in shares of Cornerstone Total Return Fund during the first quarter worth approximately $874,000. Virtu Financial LLC acquired a new stake in Cornerstone Total Return Fund during the fourth quarter worth approximately $182,000. Cable Car Capital LLC acquired a new stake in Cornerstone Total Return Fund during the fourth quarter worth approximately $4,672,000. Finally, Main Street Financial Solutions LLC lifted its position in shares of Cornerstone Total Return Fund by 61.8% during the 4th quarter. Main Street Financial Solutions LLC now owns 26,626 shares of the investment management company’s stock worth $188,000 after buying an additional 10,166 shares during the last quarter. 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.