Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) Shares Purchased by LPL Financial LLC

LPL Financial LLC raised its holdings in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) by 8.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,139,010 shares of the investment management company’s stock after purchasing an additional 89,538 shares during the period. LPL Financial LLC owned about 1.11% of Cornerstone Total Return Fund worth $9,898,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Quarry LP bought a new position in shares of Cornerstone Total Return Fund during the third quarter worth about $42,000. Virtu Financial LLC lifted its holdings in Cornerstone Total Return Fund by 70.3% during the 3rd quarter. Virtu Financial LLC now owns 18,637 shares of the investment management company’s stock worth $151,000 after buying an additional 7,696 shares during the last quarter. Wealth Management Nebraska bought a new position in Cornerstone Total Return Fund during the 4th quarter worth approximately $164,000. Oppenheimer & Co. Inc. increased its holdings in shares of Cornerstone Total Return Fund by 35.8% in the 4th quarter. Oppenheimer & Co. Inc. now owns 20,185 shares of the investment management company’s stock valued at $175,000 after acquiring an additional 5,325 shares during the last quarter. Finally, Independent Advisor Alliance acquired a new stake in shares of Cornerstone Total Return Fund during the 4th quarter valued at approximately $188,000. 10.41% of the stock is owned by institutional investors and hedge funds.

Cornerstone Total Return Fund Stock Performance

Shares of CRF stock opened at $6.62 on Friday. The business has a 50 day moving average of $8.09 and a two-hundred day moving average of $8.16. Cornerstone Total Return Fund, Inc. has a 52 week low of $6.44 and a 52 week 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. Shareholders of record on Tuesday, April 15th will be paid a $0.1168 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $1.40 annualized dividend and a dividend yield of 21.17%.

Cornerstone Total Return Fund Company 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.