Cornerstone Total Return Fund (NYSEAMERICAN:CRF) Reaches New 52-Week High After Dividend Announcement

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) shares hit a new 52-week high during mid-day trading on Wednesday after the company announced a dividend. The company traded as high as $8.49 and last traded at $8.48, with a volume of 35399 shares. The stock had previously closed at $8.38.

The newly announced dividend which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.1168 dividend. This represents a dividend yield of 16.7%. The ex-dividend date is Friday, March 14th.

Cornerstone Total Return Fund Stock Performance

The business has a fifty day simple moving average of $7.68.

Hedge Funds Weigh In On Cornerstone Total Return Fund

A number of institutional investors have recently bought and sold shares of the business. Voisard Asset Management Group Inc. bought a new stake in Cornerstone Total Return Fund in the 2nd quarter valued at $73,000. Wedbush Securities Inc. bought a new position in shares of Cornerstone Total Return Fund during the second quarter worth about $106,000. Oppenheimer & Co. Inc. bought a new stake in shares of Cornerstone Total Return Fund in the 3rd quarter valued at $120,000. Prairie Sky Financial Group LLC bought a new stake in Cornerstone Total Return Fund during the third quarter valued at $135,000. Finally, Doliver Advisors LP acquired a new stake in Cornerstone Total Return Fund during the third quarter worth approximately $328,000. 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.