Centaurus Financial Inc. Sells 26,321 Shares of Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF)

Centaurus Financial Inc. trimmed its holdings in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) by 28.1% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 67,339 shares of the investment management company’s stock after selling 26,321 shares during the quarter. Centaurus Financial Inc. owned about 0.07% of Cornerstone Total Return Fund worth $475,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Main Street Financial Solutions LLC increased its holdings 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 worth $188,000 after buying an additional 10,166 shares in the last quarter. Cable Car Capital LLC bought a new stake in Cornerstone Total Return Fund in the 4th quarter worth about $4,672,000. Finally, Virtu Financial LLC bought a new stake in shares of Cornerstone Total Return Fund during the 4th quarter valued at about $182,000. 10.41% of the stock is currently owned by institutional investors.

Cornerstone Total Return Fund Stock Down 1.9 %

Cornerstone Total Return Fund stock opened at $7.62 on Monday. The company’s 50-day moving average price is $7.36. Cornerstone Total Return Fund, Inc. has a 52-week low of $6.05 and a 52-week high of $8.56.

Cornerstone Total Return Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th will be paid a dividend of $0.1037 per share. The ex-dividend date is Monday, July 15th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 16.33%.

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.