Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) Position Lessened by PFG Investments LLC

PFG Investments LLC decreased its stake in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 135,266 shares of the investment management company’s stock after selling 1,609 shares during the period. PFG Investments LLC’s holdings in Cornerstone Total Return Fund were worth $1,175,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Quarry LP bought a new stake in Cornerstone Total Return Fund during the 3rd quarter valued at $42,000. Oppenheimer & Co. Inc. bought a new stake in Cornerstone Total Return Fund during the 3rd quarter valued at $120,000. Prairie Sky Financial Group LLC bought a new stake in Cornerstone Total Return Fund during the 3rd quarter valued at $135,000. Virtu Financial LLC raised its stake in Cornerstone Total Return Fund by 70.3% during the 3rd quarter. Virtu Financial LLC now owns 18,637 shares of the investment management company’s stock valued at $151,000 after acquiring an additional 7,696 shares in the last quarter. Finally, Grimes & Company Inc. raised its stake in Cornerstone Total Return Fund by 4.9% during the 4th quarter. Grimes & Company Inc. now owns 25,556 shares of the investment management company’s stock valued at $222,000 after acquiring an additional 1,193 shares in the last quarter. Institutional investors own 10.41% of the company’s stock.

Cornerstone Total Return Fund Stock Performance

CRF opened at $8.74 on Wednesday. Cornerstone Total Return Fund, Inc. has a one year low of $6.52 and a one year high of $9.75. The stock has a fifty day moving average price of $7.98.

Cornerstone Total Return Fund Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 16th will be paid a $0.1168 dividend. This represents a dividend yield of 16.2%. The ex-dividend date is Wednesday, January 15th.

Cornerstone Total Return Fund 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.