Oppenheimer & Co. Inc. Boosts Stock Holdings in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF)

Oppenheimer & Co. Inc. boosted its position in shares of Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) by 35.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,185 shares of the investment management company’s stock after acquiring an additional 5,325 shares during the period. Oppenheimer & Co. Inc.’s holdings in Cornerstone Total Return Fund were worth $175,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Winebrenner Capital Management LLC purchased a new position in Cornerstone Total Return Fund during the fourth quarter valued at approximately $956,000. Atria Wealth Solutions Inc. grew its stake in Cornerstone Total Return Fund by 6.5% during the fourth quarter. Atria Wealth Solutions Inc. now owns 168,557 shares of the investment management company’s stock valued at $1,465,000 after acquiring an additional 10,272 shares in the last quarter. Chicago Partners Investment Group LLC grew its stake in Cornerstone Total Return Fund by 4.2% during the fourth quarter. Chicago Partners Investment Group LLC now owns 77,104 shares of the investment management company’s stock valued at $687,000 after acquiring an additional 3,097 shares in the last quarter. Wealth Management Nebraska purchased a new position in Cornerstone Total Return Fund during the fourth quarter valued at approximately $164,000. Finally, Quarry LP purchased a new position in Cornerstone Total Return Fund during the third quarter valued at approximately $42,000. Hedge funds and other institutional investors own 10.41% of the company’s stock.

Cornerstone Total Return Fund Price Performance

Shares of NYSEAMERICAN:CRF opened at $7.66 on Monday. The company’s 50 day moving average price is $8.55. Cornerstone Total Return Fund, Inc. has a 12 month low of $6.52 and a 12 month high of $9.75.

Cornerstone Total Return Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a dividend of $0.1168 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.40 annualized dividend and a yield of 18.30%.

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.