Wedbush Securities Inc. Purchases Shares of 13,500 Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF)

Wedbush Securities Inc. purchased a new stake in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 13,500 shares of the investment management company’s stock, valued at approximately $106,000.

Several other large investors have also recently added to or reduced their stakes in CRF. Main Street Financial Solutions LLC raised its holdings in Cornerstone Total Return Fund by 61.8% in the 4th quarter. Main Street Financial Solutions LLC now owns 26,626 shares of the investment management company’s stock valued at $188,000 after acquiring an additional 10,166 shares in the last quarter. Cable Car Capital LLC acquired a new position in shares of Cornerstone Total Return Fund in the 4th quarter worth approximately $4,672,000. Virtu Financial LLC acquired a new position in shares of Cornerstone Total Return Fund in the 4th quarter worth approximately $182,000. Commonwealth Equity Services LLC raised its holdings in shares of Cornerstone Total Return Fund by 3.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 204,988 shares of the investment management company’s stock worth $1,539,000 after buying an additional 7,020 shares in the last quarter. Finally, StoneX Group Inc. raised its holdings in shares of Cornerstone Total Return Fund by 36.4% in the 1st quarter. StoneX Group Inc. now owns 46,451 shares of the investment management company’s stock worth $349,000 after buying an additional 12,391 shares in the last quarter. Institutional investors and hedge funds own 10.41% of the company’s stock.

Cornerstone Total Return Fund Stock Down 0.5 %

Shares of CRF opened at $7.91 on Monday. Cornerstone Total Return Fund, Inc. has a 1 year low of $6.05 and a 1 year high of $8.12. The stock has a 50 day moving average of $7.56.

Cornerstone Total Return Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be issued a $0.1037 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 15.73%.

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.