Cornerstone Total Return Fund (NYSEAMERICAN:CRF) Hits New 52-Week High – Here’s What Happened

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) shares reached a new 52-week high on Monday . The company traded as high as $8.15 and last traded at $8.15, with a volume of 99742 shares changing hands. The stock had previously closed at $8.14.

Cornerstone Total Return Fund Price Performance

The business’s fifty day simple moving average is $7.59.

Cornerstone Total Return Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be issued a $0.1037 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $1.24 annualized dividend and a yield of 15.20%.

Hedge Funds Weigh In On Cornerstone Total Return Fund

Several institutional investors and hedge funds have recently made changes to their positions in the company. Voisard Asset Management Group Inc. acquired a new stake in Cornerstone Total Return Fund in the 2nd quarter worth about $73,000. Wedbush Securities Inc. bought a new position in shares of Cornerstone Total Return Fund during the second quarter worth approximately $106,000. Virtu Financial LLC acquired a new stake in shares of Cornerstone Total Return Fund in the fourth quarter valued at approximately $182,000. Doliver Advisors LP acquired a new stake in shares of Cornerstone Total Return Fund in the third quarter valued at approximately $328,000. Finally, Main Street Financial Solutions LLC boosted its stake in shares of Cornerstone Total Return Fund by 46.4% in the second quarter. Main Street Financial Solutions LLC now owns 43,247 shares of the investment management company’s stock valued at $339,000 after buying an additional 13,702 shares during the period. Institutional investors and hedge funds 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.