Cornerstone Total Return Fund (NYSEAMERICAN:CRF) Share Price Passes Above 50-Day Moving Average of $7.41

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $7.41 and traded as high as $7.88. Cornerstone Total Return Fund shares last traded at $7.88, with a volume of 620,613 shares traded.

Cornerstone Total Return Fund Trading Up 0.3 %

The business’s fifty day moving average is $7.41.

Cornerstone Total Return Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 15th will be paid a dividend of $0.1037 per share. This represents a $1.24 dividend on an annualized basis and a yield of 15.80%. The ex-dividend date is Monday, July 15th.

Institutional Investors Weigh In On Cornerstone Total Return Fund

Large investors have recently bought and sold shares of the business. Alpine Global Management LLC increased its stake in Cornerstone Total Return Fund by 0.3% during the first quarter. Alpine Global Management LLC now owns 2,569,324 shares of the investment management company’s stock worth $19,296,000 after acquiring an additional 6,651 shares during the last quarter. Significant Wealth Partners LLC increased its position in shares of Cornerstone Total Return Fund by 15.9% during the 1st quarter. Significant Wealth Partners LLC now owns 530,604 shares of the investment management company’s stock valued at $3,985,000 after purchasing an additional 72,658 shares during the last quarter. StoneX Group Inc. increased its position in shares of Cornerstone Total Return Fund by 36.4% during the 1st quarter. StoneX Group Inc. now owns 46,451 shares of the investment management company’s stock valued at $349,000 after purchasing an additional 12,391 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in Cornerstone Total Return Fund by 3.5% during the 1st quarter. Commonwealth Equity Services LLC now owns 204,988 shares of the investment management company’s stock valued at $1,539,000 after buying an additional 7,020 shares during the period. Finally, PFG Investments LLC bought a new stake in Cornerstone Total Return Fund in the first quarter worth $874,000. Institutional investors own 10.41% of the company’s stock.

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.