Cornerstone Total Return Fund (NYSEAMERICAN:CRF) Sees Strong Trading Volume

Shares of Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) saw an uptick in trading volume on Monday . 1,055,894 shares were traded 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 Stock Performance

The firm’s 50-day moving average is $7.50.

Cornerstone Total Return Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a dividend of $0.1037 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 17.40%. The ex-dividend date of this dividend is Monday, September 16th.

Institutional Trading of Cornerstone Total Return Fund

A number of institutional investors and hedge funds have recently bought and sold shares of CRF. Voisard Asset Management Group Inc. bought a new stake in shares of Cornerstone Total Return Fund during the second quarter worth $73,000. Virtu Financial LLC acquired a new stake in Cornerstone Total Return Fund in the 4th quarter valued at $182,000. Main Street Financial Solutions LLC raised its stake in 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 during the last quarter. BCR Wealth Strategies LLC purchased a new position in Cornerstone Total Return Fund in the 2nd quarter worth approximately $344,000. Finally, StoneX Group Inc. increased its stake in shares of Cornerstone Total Return Fund by 36.4% in the 1st quarter. StoneX Group Inc. now owns 46,451 shares of the investment management company’s stock worth $349,000 after acquiring an additional 12,391 shares during the last quarter. 10.41% of the stock is currently owned by 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.