Perennial Investment Advisors LLC Increases Position in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF)

Perennial Investment Advisors LLC raised its holdings in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) by 6.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 402,653 shares of the investment management company’s stock after acquiring an additional 23,973 shares during the period. Perennial Investment Advisors LLC owned approximately 0.39% of Cornerstone Total Return Fund worth $3,499,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CRF. StoneX Group Inc. boosted its position in shares of Cornerstone Total Return Fund by 74.5% during the 4th quarter. StoneX Group Inc. now owns 138,840 shares of the investment management company’s stock valued at $1,207,000 after acquiring an additional 59,272 shares during the last quarter. TrueMark Investments LLC grew its stake in shares of Cornerstone Total Return Fund by 25.4% in the 4th quarter. TrueMark Investments LLC now owns 534,692 shares of the investment management company’s stock valued at $4,646,000 after buying an additional 108,386 shares during the period. LPL Financial LLC increased its holdings in shares of Cornerstone Total Return Fund by 8.5% during the 4th quarter. LPL Financial LLC now owns 1,139,010 shares of the investment management company’s stock worth $9,898,000 after buying an additional 89,538 shares during the last quarter. Creative Financial Designs Inc. ADV raised its position in shares of Cornerstone Total Return Fund by 2.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 87,427 shares of the investment management company’s stock valued at $760,000 after buying an additional 1,690 shares during the period. Finally, Commonwealth Equity Services LLC lifted its holdings in Cornerstone Total Return Fund by 1.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 200,102 shares of the investment management company’s stock valued at $1,739,000 after acquiring an additional 3,782 shares during the last quarter. 10.41% of the stock is currently owned by institutional investors and hedge funds.

Cornerstone Total Return Fund Trading Down 5.2 %

Shares of Cornerstone Total Return Fund stock opened at $6.62 on Friday. Cornerstone Total Return Fund, Inc. has a fifty-two week low of $6.44 and a fifty-two week high of $9.75. The stock has a 50 day moving average of $8.09 and a 200 day moving average of $8.16.

Cornerstone Total Return Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be given a dividend of $0.1168 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 21.17%. The ex-dividend date is Tuesday, April 15th.

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.