Chicago Partners Investment Group LLC Raises Stake in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF)

Chicago Partners Investment Group LLC grew its stake in shares of Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) by 7.0% in the third quarter, Holdings Channel reports. The firm owned 74,007 shares of the investment management company’s stock after acquiring an additional 4,835 shares during the period. Chicago Partners Investment Group LLC’s holdings in Cornerstone Total Return Fund were worth $616,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in CRF. TrueMark Investments LLC bought a new position in Cornerstone Total Return Fund in the second quarter worth about $2,126,000. Raymond James & Associates increased its holdings in shares of Cornerstone Total Return Fund by 330.1% during the second quarter. Raymond James & Associates now owns 184,770 shares of the investment management company’s stock valued at $1,450,000 after acquiring an additional 141,815 shares in the last quarter. Sea Otter Advisors LLC acquired a new position in shares of Cornerstone Total Return Fund during the second quarter valued at about $785,000. Significant Wealth Partners LLC boosted its position in Cornerstone Total Return Fund by 15.9% in the first quarter. Significant Wealth Partners LLC now owns 530,604 shares of the investment management company’s stock valued at $3,985,000 after buying an additional 72,658 shares during the last quarter. Finally, BCR Wealth Strategies LLC purchased a new stake in Cornerstone Total Return Fund in the second quarter valued at approximately $344,000. 10.41% of the stock is currently owned by institutional investors.

Cornerstone Total Return Fund Stock Performance

Shares of NYSEAMERICAN CRF opened at $8.38 on Tuesday. The firm has a 50 day moving average price of $7.68. Cornerstone Total Return Fund, Inc. has a 52 week low of $6.52 and a 52 week high of $8.49.

Cornerstone Total Return Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a $0.1037 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.24 annualized dividend and a yield of 14.85%.

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.