Cornerstone Total Return Fund (NYSEAMERICAN:CRF) Shares Gap Down – What’s Next?

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) gapped down before the market opened on Monday . The stock had previously closed at $6.62, but opened at $5.95. Cornerstone Total Return Fund shares last traded at $5.87, with a volume of 931,549 shares changing hands.

Cornerstone Total Return Fund Trading Up 8.2 %

The stock’s fifty day simple moving average is $7.96 and its 200 day simple moving average is $8.13.

Cornerstone Total Return Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be given a $0.1168 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 20.02%. The ex-dividend date is Tuesday, April 15th.

Institutional Trading of Cornerstone Total Return Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Alpine Global Management LLC grew its holdings in Cornerstone Total Return Fund by 5.6% during the 4th quarter. Alpine Global Management LLC now owns 2,712,560 shares of the investment management company’s stock valued at $23,572,000 after buying an additional 142,632 shares in the last quarter. LPL Financial LLC increased its holdings in shares of Cornerstone Total Return Fund by 8.5% in 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. TrueMark Investments LLC increased its stake in Cornerstone Total Return Fund by 25.4% during the fourth quarter. TrueMark Investments LLC now owns 534,692 shares of the investment management company’s stock worth $4,646,000 after acquiring an additional 108,386 shares during the last quarter. Perennial Investment Advisors LLC raised its holdings in Cornerstone Total Return Fund by 6.3% during the 4th quarter. Perennial Investment Advisors LLC now owns 402,653 shares of the investment management company’s stock valued at $3,499,000 after buying an additional 23,973 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of Cornerstone Total Return Fund by 539.5% in the 4th quarter. Bank of America Corp DE now owns 304,728 shares of the investment management company’s stock worth $2,648,000 after acquiring an additional 257,077 shares during the last quarter. 10.41% of the stock is owned by hedge funds and other institutional investors.

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.