16,000 Shares in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) Purchased by BIP Wealth LLC

BIP Wealth LLC purchased a new stake in shares of Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,000 shares of the investment management company’s stock, valued at approximately $139,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Cornerstone Total Return Fund in the 4th quarter valued at about $26,000. Quarry LP raised its stake in Cornerstone Total Return Fund by 35.8% in the fourth quarter. Quarry LP now owns 7,022 shares of the investment management company’s stock valued at $61,000 after buying an additional 1,853 shares during the period. Mariner LLC lifted its position in shares of Cornerstone Total Return Fund by 8.2% in the fourth quarter. Mariner LLC now owns 15,016 shares of the investment management company’s stock valued at $130,000 after buying an additional 1,134 shares during the last quarter. Virtu Financial LLC boosted its stake in shares of 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 worth $151,000 after acquiring an additional 7,696 shares during the period. Finally, Wealth Management Nebraska acquired a new position in shares of Cornerstone Total Return Fund during the 4th quarter worth approximately $164,000. 10.41% of the stock is currently owned by institutional investors.

Cornerstone Total Return Fund Stock Down 0.9 %

Shares of Cornerstone Total Return Fund stock opened at $6.82 on Tuesday. The business has a fifty day simple moving average of $7.14 and a two-hundred day simple moving average of $7.99. Cornerstone Total Return Fund, Inc. has a 1 year low of $5.81 and a 1 year high of $9.75.

Cornerstone Total Return Fund Announces Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th were paid a dividend of $0.1168 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 20.55%. The ex-dividend date was Tuesday, April 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.