Cornerstone Total Return Fund (NYSEAMERICAN:CRF) Sees Large Volume Increase

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) saw unusually-high trading volume on Monday . Approximately 1,055,894 shares traded hands during mid-day trading, an increase of 59% from the previous session’s volume of 664,811 shares.The stock last traded at $6.88 and had previously closed at $7.66.

Cornerstone Total Return Fund Price Performance

The company has a fifty day simple moving average of $7.50.

Cornerstone Total Return Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.1037 dividend. This represents a $1.24 annualized dividend and a yield of 16.88%. The ex-dividend date is Friday, November 15th.

Hedge Funds Weigh In On Cornerstone Total Return Fund

Institutional investors have recently added to or reduced their stakes in the business. Voisard Asset Management Group Inc. bought a new stake in Cornerstone Total Return Fund during the second quarter worth about $73,000. Wedbush Securities Inc. bought a new position in Cornerstone Total Return Fund during the second quarter valued at approximately $106,000. Virtu Financial LLC purchased a new position in shares of Cornerstone Total Return Fund during the fourth quarter worth approximately $182,000. Main Street Financial Solutions LLC boosted its stake in shares of 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 purchasing an additional 10,166 shares in the last quarter. Finally, BCR Wealth Strategies LLC bought a new position in shares of Cornerstone Total Return Fund during the 2nd quarter valued at $344,000. 10.41% of the stock is currently owned by institutional investors.

Cornerstone Total Return Fund Company 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.