Raymond James Financial Inc. Invests $1.47 Million in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF)

Raymond James Financial Inc. purchased a new position in shares of Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 169,213 shares of the investment management company’s stock, valued at approximately $1,470,000. Raymond James Financial Inc. owned 0.16% of Cornerstone Total Return Fund as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Grimes & Company Inc. raised its position in Cornerstone Total Return Fund by 4.9% in the fourth quarter. Grimes & Company Inc. now owns 25,556 shares of the investment management company’s stock worth $222,000 after acquiring an additional 1,193 shares in the last quarter. Chicago Partners Investment Group LLC grew its stake in shares of Cornerstone Total Return Fund by 4.2% during the 4th quarter. Chicago Partners Investment Group LLC now owns 77,104 shares of the investment management company’s stock worth $687,000 after purchasing an additional 3,097 shares during the period. Quarry LP purchased a new position in shares of Cornerstone Total Return Fund in the 3rd quarter valued at about $42,000. Oppenheimer & Co. Inc. lifted its stake in shares of Cornerstone Total Return Fund by 35.8% in the fourth quarter. Oppenheimer & Co. Inc. now owns 20,185 shares of the investment management company’s stock valued at $175,000 after purchasing an additional 5,325 shares during the period. Finally, Virtu Financial LLC lifted its stake in shares of Cornerstone Total Return Fund by 70.3% in the third quarter. Virtu Financial LLC now owns 18,637 shares of the investment management company’s stock valued at $151,000 after purchasing an additional 7,696 shares during the period. 10.41% of the stock is owned by hedge funds and other institutional investors.

Cornerstone Total Return Fund Stock Up 0.7 %

NYSEAMERICAN CRF opened at $7.23 on Wednesday. The business has a 50 day moving average price of $8.18 and a 200 day moving average price of $8.18. Cornerstone Total Return Fund, Inc. has a 1-year low of $6.52 and a 1-year high of $9.75.

Cornerstone Total Return Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be given a $0.1168 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 19.39%. The ex-dividend date of this dividend is 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.