Oppenheimer & Co. Inc. Makes New Investment in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF)

Oppenheimer & Co. Inc. bought a new position in shares of Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) in the 3rd quarter, HoldingsChannel reports. The fund bought 14,860 shares of the investment management company’s stock, valued at approximately $120,000.

Several other hedge funds also recently bought and sold shares of CRF. TrueMark Investments LLC purchased a new position in Cornerstone Total Return Fund during the second quarter worth about $2,126,000. Raymond James & Associates boosted its stake in shares of Cornerstone Total Return Fund by 330.1% in the second quarter. Raymond James & Associates now owns 184,770 shares of the investment management company’s stock valued at $1,450,000 after purchasing an additional 141,815 shares during the period. Sea Otter Advisors LLC purchased a new position in shares of Cornerstone Total Return Fund in the second quarter valued at approximately $785,000. BCR Wealth Strategies LLC purchased a new position in shares of Cornerstone Total Return Fund in the second quarter valued at approximately $344,000. Finally, Doliver Advisors LP purchased a new position in shares of Cornerstone Total Return Fund in the third quarter valued at approximately $328,000. Hedge funds and other institutional investors own 10.41% of the company’s stock.

Cornerstone Total Return Fund Stock Up 1.1 %

NYSEAMERICAN CRF opened at $9.01 on Friday. The company has a 50 day simple moving average of $7.68. Cornerstone Total Return Fund, Inc. has a one year low of $6.52 and a one year high of $9.25.

Cornerstone Total Return Fund Announces Dividend

The firm also recently disclosed a — dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.1168 dividend. This represents a dividend yield of 16.7%. The ex-dividend date of this dividend is Friday, March 14th.

About Cornerstone Total Return Fund

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.