Wedbush Securities Inc. Acquires New Shares in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF)

Wedbush Securities Inc. acquired a new stake in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 13,500 shares of the investment management company’s stock, valued at approximately $106,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Voisard Asset Management Group Inc. acquired a new position in shares of Cornerstone Total Return Fund during the 2nd quarter worth about $73,000. Virtu Financial LLC bought a new stake in Cornerstone Total Return Fund during the 4th quarter valued at approximately $182,000. Main Street Financial Solutions LLC boosted its stake in Cornerstone Total Return Fund by 61.8% during the 4th quarter. Main Street Financial Solutions LLC now owns 26,626 shares of the investment management company’s stock valued at $188,000 after purchasing an additional 10,166 shares during the period. BCR Wealth Strategies LLC bought a new stake in Cornerstone Total Return Fund during the 2nd quarter valued at approximately $344,000. Finally, StoneX Group Inc. boosted its stake in Cornerstone Total Return Fund by 36.4% during the 1st quarter. StoneX Group Inc. now owns 46,451 shares of the investment management company’s stock valued at $349,000 after purchasing an additional 12,391 shares during the period. Institutional investors and hedge funds own 10.41% of the company’s stock.

Cornerstone Total Return Fund Stock Down 0.5 %

Shares of NYSEAMERICAN:CRF opened at $7.91 on Monday. The firm’s 50 day simple moving average is $7.56. Cornerstone Total Return Fund, Inc. has a twelve month low of $6.05 and a twelve month high of $8.12.

Cornerstone Total Return Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be paid a dividend of $0.1037 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $1.24 annualized dividend and a yield of 15.73%.

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.